Licensed Grow & Processing Facility

Industrial for Sale
Catylist Listing ID: 30662890
Property Subtypes: Free-Standing, Light Industrial, Other
Building Size (RSF): 8,320 SF
Gross Building Area: See Agent
Gross Land Area: 2.10 Acres
Sale Price: $5,000,000
Unit Price: $600.96 PSF
Ceiling: 14 ft.
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2021

Overview / Comments

7,200 SF main grow building with 1,120 SF attached building with separate access planned to use for processing. Built in 2019. Set up for four flower rooms with drains, one veg, clone, dry, trim, rooms and more. Vault room, offices, break room, etc. Great quiet location just off Beaver Road and east of M-13. 2.1 Acreage should allow for expansion, if needed. Zoned for grow, processor, provisioning center, safety compliance facility and secure transporter.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $5,353 (Annual)
Tax Value Land $128,405
Assessed Value - Total($) $135,400 (Annual)

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: Bangor Township
Tax ID/APN: 010-030-300-030-04
Zoning: I-1
Property Located Between: M-13 & Euclid Avenue
Highway Access: I-75, US-10, M-13/23, M-25
Area Description: Light industrial users with golf course to the west.
Property Condition: Excellent
Year Built: 2019
Construction/Siding: Aluminum Siding, Wood Frame
Parking Type: Surface
Overhead Cranes: Undisclosed
Amps: 1,600
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: LED
Zoning Description: Light Industrial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: COM 875.12 FT N OF SW COR OF SEC TH N 00D 13M 45S E 210.83 FT TH S 88D30M 15S E 431.80 FT TH S 00D 15M 40S E 212.87 FT TH N 88D 14M 30S W 433.67 FT TO BEG. SEC.30,T15N,R5E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 984 15,267 44,118
Median Age: 49.81 45.17 41.81
Households: 420 6,444 18,225

Contact

Photograph of Listing Agent

Sandra J. Covaleski, CCIM

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