Property Attributes
- MLS#23144901
- TypeCommercial
- CountyVAN BUREN
- CityDowagiac
- AreaHamilton Twp
- NeighborhoodHamilton Twp
- Zip49047
- StyleIndustrial
- Year Built1955
- Taxes$ 24652
- Price$ 1,890,000
- Bedrooms0
- Full Bathrooms3
- Half Bathrooms0
- Lot Size7.3 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Investment Opportunity with Triple Net Industrial Lease! Gross Potential rent of over 175K with annual 2 % increases. Cap rate over 8%. Owner will cooperate with tax deferred exchanges! 8 years left on current lease with options for 10 more years. 63,000 s.f .total with a total of 7.1 acres.
Price History | |
---|---|
12/14/2023 | Listed $1,890,000 |
General Features
Sewer | Septic System |
---|---|
Utilities | Phone Available,Phone Connected,Natural Gas Connected,Electric Connected |
Roof | Metal |
Construction Materials | Metal Siding |
Year Built | 1955 |
Tenant Pays | Electricity,Gas,Trash Collection |
Township | Hamilton Twp |
Property SubType | Industrial |
Tax Year | 2023 |
Business Type | Distribution,Manufacturing |
County | Van Buren |
New Construction | No |
Property Type | Commercial Sale |
Attached Garage | No |
Building Features | Multi User Facility |
Status | Active |
Directions | M-51 Highway to 92nd st. property is at 56th St & 92nd St |
City | Dowagiac |
High School District | Decatur |
Zoning Description | industrial |
Total Units | 2 |
MLS Area | Greater Kalamazoo - K |
Lot Size Square Feet | 317988.0 |
Waterfront Y/N | No |
Street Name | 92nd |
Land Lease Y/N | No |
Tax Annual Amount | 24652.2 |
Lease Renewal Y/N | No |
MLS Area Minor | Greater Kalamazoo - K |
Additional Parcels Y/N | No |
Lease Considered Y/N | No |
Rent Control Y/N | No |
Days on Market | 161 |
Standard Status | Active |
Tax Assessed Value | 630600 |
MobileHomeRemainsYN | No |
Legal Description | see attached document |
Senior Community | None |
Interior Features
Total Fireplaces | 3 |
---|---|
Total Stories | 1 |
Basement (Y/N) | No |
Air Conditioning Y/N | No |
Heating Y/N | Yes |
Full Baths | 3 |
Street Suffix | Avenue |
Electric On Property Y/N | No |
Total Baths | 3 |
Exterior Features
Parking Features | Paved |
---|---|
Water Source | Well,Public |
Inclusions | {u'Real Estate': True} |
Lot Size Area | 7.3 |
Number of Buildings | 3 |
Spa | No |
Building Area Total | 63148.0 |
Lot Dimensions | Irregular |
Lot Size Acres | 7.3 |
Road Surface Type | Paved |
Lot Size Units | Acres |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool