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Listing provided courtesy of O'Brien Real Estate- MLS# 25053371MLS Provider

55905 92nd AvenueDowagiac, MI 49047

Commercial · 3 Full Baths · 63,148 Sq. ft. | 7.30 Acres
$2,650,000 Active

55905 92nd Avenue Overview

Time on Site:
256 days
Visits:
5

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.

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55905 92nd Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 63,148
  • Price/Sq.ft. $42
  • Lot 7.30 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1955

Location/Region

  • County Or Parish: Van Buren
  • MLS Area Major: Greater Kalamazoo - K
  • MLS Area Minor: Greater Kalamazoo - K

Rent/Lease Information

  • Tenant Pays: Electric,Gas,Trash

Tax Information

  • Tax Annual Amount: 27413.5

General Information

  • Parcel Number: 80-10-032-004-01
  • Property Sub Type: Industrial
  • Property Type: Commercial Sale

Interior

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Total: 3

Building Interior

  • Building Area Total: 63148.0

General Information

  • Building Features: Multi User Facility
  • Stories Total: 1

Exterior

Lot Information

  • Lot Size Acres: 7.3
  • Lot Size Area: 7.3
  • Lot Size Dimensions: Irregular
  • Lot Size Square Feet: 317988.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Metal Siding
  • Roof: Metal

General Information

  • Number Of Units Total: 2
  • Sewer: Septic Tank
  • Utilities: Phone Available,Phone Connected,Natural Gas Connected,Electricity Connected

55905 92nd Avenue Neighborhood

Community

49047 (Dowagiac) Demographics

42
Median Age
118
Population Density (per sq. mile)
31%
College Educated
$48,395
Estimated Median Income
4,680
Estimated Total Home Owners
1,690
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

55905 92nd Avenue Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

55905 92nd Avenue Market Data

Based on the last 30 days in this zip code

$414,086
Average List Price
$256
Average Price per Square Foot
19
Properties Sold
82
Average Days on Market
140
Properties for Sale
Calculations provided by Reliance Network