Improved Commercial Land for Sale in Dowagiac, Michigan
52366 M-51, Dowagiac, MI 49047
Rare opportunity to acquire a well-established triple net industrial property featuring a sale-leaseback arrangement with a long-standing business operating since the 1930s. The lease extends through 2039, with over $2.4 million in scheduled rental income and annual 2% rent increases. Current gross potential rent exceeds $172,000 annually, with an additional five-year lease option available. The offering includes approximately 63,000 square feet of industrial space across 7.35 combined acres, consisting of a 6.37-acre industrial site and a separate 0.98-acre parcel, sold together. The owner will cooperate with tax-deferred exchanges. An attractive opportunity for investors seeking long-term income, established tenancy, and contractual rental growth. PLEASE NOTE: This sale includes 55905 92nd Ave AND 52366 M-51 Hwy, Dowagiac MI 49047.
Location
- Street address
- 52366 M-51
- County
- Cass County
- Zip code
- 49047
- School district
- Dowagiac
- Elevation
- 784 feet
Directions
55905 92nd Ave directions: M-51 Highway to 92nd Avenue. Property is located at the intersection of 56th Street and 92nd Avenue. 52366 M-51 Hwy directions: From downtown Dowagiac, head north on M-51 to the property.
Property details
- Acreage
- 7.35 acres
- Zoning
- Industrial
- MLS #
- MichRIC 26057214
- Posted
Property taxes
- 2026
- $32,088
Parcels
- 80-10-032-004-01
Details and features
Listing
- Type
- Commercial Sale
- Unit Count
- 2
Exterior
- Parking Spaces
- 28
Structure
- Stories
- 1
- Water
- Well
- Sewer
- Septic Tank
- Heating
- Baseboard, Radiant, Space Heater
- Materials
- Metal Siding
- Roof
- Metal
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 28, 2026 | New listing | $2,150,000 | — | MichRIC |