Entity Owned Property summary
The property is a warehouse facility in Bangor, consisting of a pre-engineered, fully insulated steel building with 22-foot ceilings. It is located in Bangor’s industrial park on a paved street and is zoned to allow Class A, B, and C cannabis licenses. The building is equipped with concrete floors with drains, underground plumbing, and a site stormwater system that includes a retention basin. Utility services available to the property include city water and sewer, Comcast fiber, and gas service. A mezzanine structure provides a raised office area, and the building is suitable for cannabis-related operations as well as conventional warehouse or office use.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This is a general industrial district designed for wholesaling and manufacturing uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Bangor, MIThis is a general industrial district designed for wholesaling and manufacturing uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This is a general industrial district designed for wholesaling and manufacturing uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Bangor, MI.
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