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55905 92nd Avenue

Dowagiac, MI 49047
  • $1,995,000
  • STATUS: Active
  • ON SITE: 165 Days
  • MLS #: 22051020
UPDATED: 57 min ago
$1,995,000
  • 0
    BEDS
  • 7.3
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 63,148
    SQFT
  • $32
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1955
County:

School Ratings & Info

School District:

Description

INVESTMENT OPPORTUNITY: Over 63,000 SF of light industrial space across two properties situated on a total of 7.3 Acres in Dowagiac, MI. Approximately 55,960 SF is anchored by Securit Metal Products on a 10 year NNN lease with 2% annual rental increases through 12/16/2031 and an additional two (2) five (5) year renewal options. For over 65 years, Securit has been producing high-quality rivets in Dowagiac, Michigan and has been at this specific location since 1955. Specializing in the manufacturing and sales of solid rivets to global customers across a wide range of industries. In February of 2022 Securit was acquired by Grand Rapids based Auxo Investment Partners. Seller also personally rents a portion of the property totaling 7,200 SF for their personal use.

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© 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2023-06-03T20:17:51.727.
www.mulderteam.com/homes/135494469
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55905 92nd Avenue Dowagiac, MI 49047

  • Price: $1,995,000
  • Status: Active
  • On Site: 165 Days
  • Updated: 57 min ago
  • MLS #: 22051020
0
Beds
2
Baths
0
½ Baths
7.3
Acres
63,148
SQFT
$32
$/SQFT
1955
Built
Neighborhood:
Hamilton Twp
County:
Van Buren
Area:
Hamilton Township
School District:
Decatur
Property Description
INVESTMENT OPPORTUNITY: Over 63,000 SF of light industrial space across two properties situated on a total of 7.3 Acres in Dowagiac, MI. Approximately 55,960 SF is anchored by Securit Metal Products on a 10 year NNN lease with 2% annual rental increases through 12/16/2031 and an additional two (2) five (5) year renewal options. For over 65 years, Securit has been producing high-quality rivets in Dowagiac, Michigan and has been at this specific location since 1955. Specializing in the manufacturing and sales of solid rivets to global customers across a wide range of industries. In February of 2022 Securit was acquired by Grand Rapids based Auxo Investment Partners. Seller also personally rents a portion of the property totaling 7,200 SF for their personal use.
Exterior Features

Construction Materials Metal Siding Driveway Paved YN Yes Roof Metal Waterfront YN No

Interior Features

Heating Natural GasSpace HeaterForced Air Heating YN Yes

Property Features

Auction Or For Sale For Sale Business Type DistributionManufacturing Cross Street 56th & 54th Documents Available [] Inclusions "Non-Applicable": True Lease Considered YN No Listing Terms ConventionalCash New Construction YN No Property Sub Type Industrial Sewer Septic System Tax Annual Amount 26706.63 Tax Year 2022 Utilities Telephone Water Source WellPublic Zoning Industrial

Listing provided courtesy of Jeff Chrystal of Kalamazoo Commercial Real Estate: 269-888-2755. © 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2023-06-03T20:17:51.727.
 
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