55905 92nd Avenue Dowagiac, MI ^$ 1,890,000

55905 92nd Avenue

^$ 1,890,000

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55905 92nd Avenue

Dowagiac, MI, 49047

^$ 1,890,000

Studio Baths0.0 Sq 63,148

Monthly Estimate*

^$ 13,202

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Studio

Commercial Property for sale in Dowagiac, MI

for $1,890,000. This 63,148 square foot building was built in 1955 on a lot size of 7.3.

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.

Commercial Active

Price

^$ 1,890,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 24,652

Style

Commercial/Industrial

Lot Size

7.3

Year Built

1955

Town/City

Dowagiac

County/Region

Cass

MLS | Web ID

70381004

Features

General

Heating Forced Air

Roof Metal

Status Active Active

Year Built 1955

County Van Buren

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Hamilton Twp

Zoning Industrial

Subdivision MI

Commercial Features Telephone

Area Hamilton Twp (80010)

Primary City Dowagiac

Directions M-51 Highway to 92nd st. property is at 56th St & 92nd St

City Dowagiac

Street Name 92nd

Financial Terms Cash Conventional

Legal Description see attached document

DOM 153

Postal Code 49047

Price Per Sq Ft 29.93

Coming Soon

Exterior

Exterior Frame Metal Wood

Frontage 542

Lot Size Area 7.3

Lot Dimensions Irregular

Roads City/County Paved Street

Waterfront Y/N No

Interior

Ceiling Height 16-20 Feet

Fuel Type LP/Propane Gas

* Excluded Features

List By

Pat O'Brien

Listing Agent

O'brien Real Estate

Broker

pat@obriensoldmine.com

Affordability Calculator

$15,257

Per Month

Monthly Principal & Interest: $13,202
Monthly Property Taxes: $2,054
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Dowagiac, MI

Average List Price ^$462,509

Percent of Sale Price 76%

About Dowagiac, MI

5,957 Population

-4% Since 2002

^$30,271 Median Income

35.39 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/14/2023	$1,890,000		Listed Price

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55905 92nd Avenue, Dowagiac, MI, 49047 is a Commercial Property for sale at $1,890,000 with 63,148 sqft and a lot size of 7.3. 55905 92nd Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 49047 which is in Dowagiac, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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55905 92nd Avenue

Commercial Property for sale in Dowagiac, MI

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