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Property profile & analytics
OFF-MARKET
Industrial properties

1003 Elm St Tekonsha, MI 49092-9504

7,260 SF 1.51 ac lot
Individually Owned 6-yr Hold Free & Clear
Property ID
US43-2590101
Property summary
AI-generated overview

This 7,260 sq ft industrial property in Tekonsha, MI, sits on a 1.51-acre lot and is a fully operational, state-approved cannabis cultivation and processing facility. Having been in service for over two years, the owners are retiring, presenting a unique opportunity for acquisition. The facility boasts three interior build-out rooms, offering immediate operational capacity with ample room for expansion. The municipality's ordinance permits outdoor cultivation, allowing for the addition of greenhouses, pods, or traditional outdoor growing areas to significantly increase production. The property is fully equipped with state-of-the-art infrastructure, including comprehensive lighting, security systems, HVAC, scrubbers, and a dehumidifier/humidity control system. A substantial engineered septic system provides ample capacity for future expansion, and the property is connected to city water. The electrical service features a 440 3-phase panel with significant additional capacity for future build-outs. The seller is open to considering short-term seller financing/land contract options with a 50% down payment. Prospective buyers are responsible for conducting their own due diligence to verify all information provided. This turnkey operation presents a rare opportunity to acquire an established and compliant cannabis business. Please note that the business is also available for sale separately.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 7,260 SF
Lot 1.51 ac (65,776 SF)
APN 44-027-147-00
UPID US43-2590101
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mark T Rockwell · 6 yrs held
Mark T Rockwell
since 2020
Last sale
$9,250
3 recorded transactions
2020
Price N/A
2016
$9,250
2013
$2,116
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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