For Sale
54879 Indian Lake, Dowagiac, MI 49047
$385,000
MLS # 26015574 (Michigan Regional Information Center (MichRIC))
3 beds3 baths1,850 sqftBuilt 19200 acres
1 / 52
Listing Description
Looking for view & access of Indian Lake just footsteps to water's edge? This fantastic find located on .60 of an acre of wooded land, private drive & parking. The updates & renovations are quality workmanship. Open concept floorplan, newer kitchen with pantry, dining area & living area including a gas fireplace. Enclosed front sunroom overlooking the expansive deck. Nice sized bedrooms, 3 full baths, upper-level laundry & primary En suite. Indian Lk offers 500 acres of spring fed water with a sandy outer ledge and 21 feet of deep water perfect for fishing & boating. Spend the warm weather months enjoying the lake, relax while the sunsets over the water. Private deeded lake easement shared with 3 adjoining properties.
Source: SparkMLS
About this home
This 3-bedroom, 3-bath, 1,850 sq ft home built in 1920 sits in Dowagiac.
Asking $385,000 (about $208/sq ft).
Estimated annual property tax: $2,574, or about $215 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Indiana Michigan Power Company; natural gas by SEMCO Energy Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms3
Living Area1,850 sqft
Year Built1920
Stories2
Location
CityDowagiac
MunicipalitySilver Creek Twp
Zip Code49047
CountyCass
School DistrictDowagiac
Construction & Systems
StyleFarmhouse
ConstructionVinyl Siding
BasementCrawl Space, Michigan Basement, Partial, Slab
HeatingDuctless
WaterWell
SewerPublic
UtilitiesElectricity Available, High-Speed Internet
InteriorCeiling Fan(s), Broadband, LP Tank Owned, Center Island, Eat-in Kitchen, Pantry
Sale & Financing
Listed4/14/2026
Original Price$399,900
Terms AcceptedCash, FHA, VA Loan, Rural Development, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,574
Tax Year2025
Assessed Value$117,200
Parcel #14-130-170-007-05
Source: SparkMLS
Legal Description
537-1296, LC 420-28, 990-1, S 10 FT LOT 7. LOTS 8 & 9. ALSO, COM AT SW COR LOT 9, TH SLY ALG HWY 15 FT, NELY TO SE COR SD LOT 9, W TO BEG. ALSO, COM 15 FT FRM STAKE C MAPLE SIDE PLAT SELY IN LINE WITH STAKES B & C, TH 50 FT ON SAME COURSE TH 100 FT N ELY, TH 50 FT NWLY TO STAKE D, TH SWLY TO BEG. ALSO, THAT PART VACATED WALNUT AVE ABUTTING LOTS 8 & 9. MAPLE SIDE.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Elizabeth Van Leeuwen
Bon Realty
Frequently Asked Questions about 54879 Indian Lake, Dowagiac, MI 49047
Which school district serves 54879 Indian Lake, Dowagiac, MI 49047?
Per MLS# 26015574, 54879 Indian Lake, Dowagiac, MI 49047 is in the Dowagiac boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Dowagiac directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26015574, this listing accepts Cash, FHA, VA Loan, Rural Development, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 54879 Indian Lake, Dowagiac, MI 49047?
Per public tax records, annual property taxes for this property are $2,574 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 54879 Indian Lake, Dowagiac, MI 49047 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 54879 Indian Lake, Dowagiac, MI 49047 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 54879 Indian Lake, Dowagiac, MI 49047?
Per Michigan Public Service Commission service territory data: Electric: Indiana Michigan Power Company. Gas: SEMCO Energy Gas Company. Sewer: Public. Water: Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Silver Creek Twp police department or the Cass County sheriff's office.
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Monthly payment$2,497
Principal & interest$2,497
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Indiana Michigan Power Company
Investor-Owned
SEMCO Energy Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
54879 Indian Lake, Dowagiac, MI 49047
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