Clean Industrial Building In Northern MI - Permitted for Cultivation

Industrial for Sale
Catylist Listing ID: 30802852
Property Subtypes: Flex Space, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution, Other
Building Size (RSF): 24,000 SF
Gross Land Area: 7 Acres
Sale Price: $1,200,000
Unit Price: $50 PSF
Ceiling: 18.7 ft.
Docks/Doors: 7 Doors
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 24,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/1/2022

Overview / Comments

For Sale - Municipally permitted Class C cultivation industrial building in Cheboygan. There is 24,000 sq. ft. of mostly open space, 3-Phase, 800 amps of power and a busbar throughout the warehouse. Additional power can be brought to the property with the submission of a load sheet to the power company and their review.

This is a great location to supply both Northern Michigan and the Upper Peninsula with your product! This property can be sold as a package deal with a licensed/operating dispensary located at 414 N Main Street, Cheboygan, MI 49721.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Cheboygan
Taxing Authority: Cheboygan
Tax ID/APN: 053-C06-001-008-15
Zoning: INDUSTRIAL
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 24,000 SF
Property Condition: Excellent
Year Built: 1980
Construction/Siding: Metal Siding
Parking Type: Surface
Overhead Cranes: 4
X-Phase: 3 phase, 800 amps, 480V, 300 A/V
Heat Type: Electricity
Heat Source: Radiant
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PLAT OF SUPR JOSEPH CASWELL'S FIRST ADDITION TO CITY OF CHEBOYGAN, THE S 1/2 OF: PT OF LOT 8, DESC AS: COM AT NW COR OF SE1/4 OF SE1/4, SEC 25, T38N,R2W; TH S 88D 54M 45S E ALG N LI OF SD SE1/4 OF SE1/4, 80FT TO ELY ROW OF MM RIGGS DR; TH S 00D 04M 10S W ALG SD ROW LI 66FT TO SLY ROW LI OF WEBB DR; TH S 00D 04M10S W ALG ELY ROW LI OF MM RIGGS DR 260FT TO POB; TH CONT S 00D 04M 10S W 619.90FT TO A PTE 330FT N OF NLY ROW LI OF STATE ST;TH S 89D 11M 05S E & PARA TO SD NLY ROW LI OF STATE ST 706.10FT; TH N 00D 04M 10S W 616.58FT; TH N 88D 54M 45S W 704.65FT TO POB. (SEC 25, T38N,R2W) **ALSO** PLAT OF SUPR JOSEPH CASWELL'S FIRST ADDITION TO CITY OF CHEBOYGAN, PT OF LOT 8 DESC AS: COM SW COR LOT 9; TH W 276FT M/L TO E R/W MM RIGGS DR; TH N 00D 04M 10S E 330FT; TH E 276FT M/L TO NW COR LOT 9; TH S 330FT TO POB. (SEC 25, T38N,R2W) COMBINED ON 2/6/19 INTO 053-C06-001-008-01 & 053-C06-001-008-07 626/251;1000/125;1081/534;1173/824;1184/300;1187/821;1224/410;1299/699;1363/670;1407/972 390 RIGGS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,044 6,319 8,470
Median Age: 40.43 42.83 43.04
Households: 872 2,654 3,501

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