Operating MI Marijunan Dispensary

Industrial for Sale
Catylist Listing ID: 30826869
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Research & Development, Warehouse/Distribution, Other
Building Size (RSF): 24,000 SF
Gross Building Area: See Agent
Gross Land Area: 5.70 Acres
Sale Price: $3,495,000
Unit Price: $145.63 PSF
Ceiling: 20 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/25/2023

Overview / Comments

This operating Michigan marijuana dispensary and grow facility is right next to the Indiana border. The adult-use cannabis retailer has been operating for just under a year. The seller has not applied for a delivery permit (a big upside opportunity for a buyer!). The built-out cultivation area is not operating, but it is turn-key includes equipment, and is ready for plants.

Additional Details

Nearest MSA: Sturgis
County: Saint Joseph
Tax ID/APN: 052 605 023 00 & 052 605 022 00
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 24,000 SF
Year Built: 1982
Year Renovated: 2020
Construction/Siding: Metal Siding
Parking Type: Surface
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,869 13,834 19,268
Median Age: 29.47 34.07 36.6
Households: 1,679 5,143 7,169


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