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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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55905 92nd Ave , Dowagiac, MI 49047
$2,650,000
Est. Payment: $5,888.89/mo
0 Bed
3 Bath
63148 Sqft
Status: Active | Days on site: 322
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k058 - k201062
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House Description

Incredible Triple Net Industrial Property with Lease through 2039 and over 2.4 Million in scheduled rent! Long term business since 1930's operating with sale leaseback Leased thru thru 2039. Gross Potential rent of over 172K with annual 2 % increases. Owner will cooperate with tax deferred exchanges! Additional 5 year option option available. 63,000 s.f .total with a total of 7.1 acres. Rare triple net opportunity with established long term business.

Highlights

Listed by Pat O'Brien , 269-381-6470 O'Brien Real Estate , 269-381-6470.

Property Type

Commercial Sale

Lot/Acreage
7.3

Year Built

1955

County

Van Buren

Area

Greater Kalamazoo - K

School District

Decatur

Listing ID

25053371

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Water:Well

Exterior Features

Roof:Metal
Sewer:Septic Tank
Principal Interest
$5,889
Taxes
$2,284

Home Price

$2,650,000

Loan Details

30 yrs
%

Down Payment

20%
$530,000
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Monthly Price:
$5,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,888.89 $2,284.46 $0.00 $8,173.35
Yearly $70,666.67 $27,413.50 $0.00 $98,080.17
Total $2,120,000.00 $822,405.00 $0.00 $2,942,405.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Dowagiac, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.