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    119-125 S Main St Reading, MI 49274

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    For Sale
    $299,999

    Municipal approved adult-use provisioning center with real estate and license.

    Property size:
    6,473 SF
    Lot size:
    0.12 Acres

    Property Features for 119-125 S Main St

    General Information

    Size
    6,473 SF
    Lot size
    0.12 Acres

    Source: C3 CRE, LLC Agent Corbin Yaldoo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Adult-Use Provisioning Center

    This property, located in the heart of Reading, Michigan, is a municipal-approved adult-use provisioning center for sale, including the license and real estate. It is one of only four adult-use retail licenses in this capped and highly competitive market. The property includes a full basement for additional storage and two apartments on the second floor, suitable for employees or generating additional income. One apartment is currently leased for $650 per month on a month-to-month basis, while the other requires construction completion. Ample parking is available, with both municipal street parking and a municipal parking lot located at the rear of the site. The location offers immediate proximity to both the Indiana and Ohio borders, presenting an opportunity to establish a strong presence in a high-demand market. The site benefits from great synergy with several national and local tenants in the immediate marketplace. The property size is 6473 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Clothing Store Gym & Fitness Pharmacy Food Market Grocery Store Bar & Pub Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Hillsdale
    State
    Michigan
    Longitude
    -84.747593
    Latitude
    41.840295

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail space - Municipal approved adult-use provisioning center with real estate and license.
    Where is this retail space located?
    The property is located at 119-125 S Main St Reading, MI.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: - Municipal Approved Adult-Use Provisioning Center: Includes real estate and license.; - Limited License Market: One of only four adult-use retail licenses in Reading.; - **Income Potential:** Features two apartments, one currently leased for $650/month.
    (248) 220-1134
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    119-125 S Main St Reading, MI 49274
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