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    Turn-Key Cultivation and Processing Facility Title is generated by Realmo AI

    1003 N Elm Street, Tekonsha, MI 49092

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    Claim this Listing
    Pending
    $499,000

    COMMERCIAL - Tekonsha, MI

    Property size:
    7,260 SF
    Lot size:
    1.51 Acres
    Added:
    Oct 15, 2025
    Days on Market:
    235
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 1003 N Elm Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Pending
    APN
    44-027-147-00
    Size
    7,260 SF
    Lot size
    1.51 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    VIL OF TEKONSHA ALLEN'S ADD; BLK.21; W 44 FT OF LOT 1, LOT 2 EXC S 44 FT OF E 88 FT THEREOF, ALSO LOTS 3 THRU 8 INCLU.
    Tax Annual Amount
    7595

    Utilities

    Utilities
    Natural Gas Available

    Building Details

    Year built
    2010
    Number of units
    1
    Building materials
    Aluminum Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Brian Decker

    Listing agent Brian Decker License #6501380432

    Listing office Michigan Top Producers 1303 E Chicago Rd, Sturgis, MI

    Listing date Oct 15, 2025

    MLS# 25053181

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • State‑approved cultivation and processing facility, ready for immediate operation.
    • Municipal ordinance allows for outdoor cultivation, including greenhouses and traditional grow.
    • Three fully built‑out interior grow rooms with room for expansion.
    • 480V 3‑phase electrical with significant excess capacity for future expansion.
    • Fully equipped with professional‑grade lighting, HVAC, Reverse Osmosis, and Airshield.
    • Engineered septic system and city/municipal water service.

    Overview

    This is a rare opportunity to acquire a fully operational, state-approved cultivation and processing facility that has been in service for four years and is ready for immediate use. The property features three fully built-out interior grow rooms with room for expansion. The municipal ordinance also allows for outdoor cultivation, including potential for greenhouses, pods, or traditional outdoor grow. The facility includes professional-grade infrastructure with lighting, HVAC, reverse osmosis, and Airshield to prevent pathogens. A large engineered septic system provides additional build-out capacity if desired. City/municipal water service and 480V 3-phase electrical are available with significant excess capacity for future expansion. Security system, monitoring, and compliance features are in place. The property is situated on a 1.51-acre lot and includes a 7,260 square foot building. Located in Tekonsha, Michigan, this property offers a turn-key solution for cultivation and processing operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tekonsha
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.990452
    Latitude
    42.101598

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    FAQs

    What type of property is this?
    Cannabis property - State-approved cultivation/processing facility with expansion potential in Tekonsha, Michigan.
    Where is this cannabis property located?
    The property is located at 1003 N Elm Street Tekonsha, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: State‑approved cultivation and processing facility, ready for immediate operation.; Municipal ordinance allows for outdoor cultivation, including greenhouses and traditional grow.; Three fully built‑out interior grow rooms with room for expansion.
    (269) 806-2163
    We can help!
    Listing Contact
    Brian Decker
    Real Estate License ID: 6501380432
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1003 N Elm Street, Tekonsha, MI 49092
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