Lease to Own
Address
55905 92nd Avenue, Dowagiac, MI
Price
$ 1,890,000
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
Property vs Commercial Average in 49047
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 27, 2024 7:15 AM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
