Albion Cultivation & Processing Facility

Industrial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30769814
Building Size (RSF): 20,690 SF
Gross Building Area: See Agent
Gross Land Area: 15.03 Acres
Sale Price: $2,600,000
Unit Price: $125.66 PSF
Docks/Doors: 1 Dock, 1 Door
Office SF: 2,000 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Building Name: Albion Cultivation & Processing Facility
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 1/31/2023

Overview / Comments

Albion is in the process of adopting recreational cannabis ordinance. If passed, the property will qualify for unlimited
recreational cultivation/processing licenses. Pricing is as follows:
- Entire property 20,690 sq. ft./15 acres: $2,600,000
- 20,690 sq. ft. building on 6 acres: $1,850,000
- (3) 3-acre parcels for sale: $270,000 per parcel


Finance Data Year 2020
Real Estate Taxes - Annual($) $18,370 (Annual)

Additional Details

Nearest MSA: Battle Creek
County: Calhoun
Tax ID/APN: 51-006-464-00
Zoning: M1P
Property Located Between: Elliott Rd./Burstein Dr.
Year Built: 1969
Overhead Cranes: 1
Sprinklers: None
Heat Source: Radiant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,910 9,341 12,841
Median Age: 32.33 32.96 35.65
Households: 1,124 3,238 4,567


Photograph of Listing Agent

Jason M. Kelmigian

Signature Associates
CPIX Member
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