Licensed and Operating Dispensary - Downtown Cheboygan

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30802909
Property Subtypes: Free-Standing Building, Garden Center, Mixed Use, Retail-Pad, Street Retail, Other
Status: Pending
Building Size (RSF): 1,500 SF
Gross Land Area: 0.14 Acres
Sale Price: $1,100,000
Unit Price: $733.33 PSF
Ceiling: 13.5 ft.
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 1,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2022

Overview / Comments

Adorable operating downtown Recreational Marijuana Dispensary for sale! Completely renovated with modern finishes, 1,500 square feet, with both public and private parking. Located just 20 minutes from the Mackinaw Bridge, Cheboygan also limits the dispensary licenses to 6, so your competition is minimal.

This property is also available as a package deal with a permitted Class C grow warehouse located at 390 Riggs, Cheboygan, MI 49721.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Cheboygan
Taxing Authority: Cheboygan
Tax ID/APN: 054-P39-002-002-00
Zoning: CENTRAL BUSINESS | ALLOWABLE USE: DISPENSARY
Retail Clientele: General, Business, Traveler, Tourist, Recreation, Other
Feet of Frontage: 65
Number of Stories: 1
Year Built: 1950
Exterior Description: Type of Structure:Brick / Block Building | Type of Roof: Flat | Year Roof Update:
Interior Description: Electric, Gas, Water, Sewer | Type of Cooling: Central Air | Type of Heating: Forced Air | Type of Foundation: Concrete | Type of Plumbing: | |
Zoning Description: Central Business | Allowable Use: Dispensary
Lot Frontage: 65
Legal Description: LOT:7-8 DIST:51 CITY/MUNI/TWP:CITY OF CHEBOYGAN SEC/TWN/RNG/MER:SEC 31 TWN 038 RNG 01W SUPERVISOR J M PENNELL'S FIRST ADDITION TO THE CHEBOYGAN, LOTS 7 & 8, BLK 2.(SEC 31, T38N,R1W)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,044 6,319 7,182
Median Age: 40.43 42.83 43.09
Households: 872 2,654 3,007

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