Approved Cannabis Operations
For Sale
$250,000
12525 E 9 Mile Rd, Warren, MI 48089
Green-zone building approved for cannabis cultivation, processing, provisioning, distribution, and light manufacturing uses.
Property Size3,500 SF
Price / SF$71.43
Days on Market54
Property Features for 12525 E 9 Mile Rd
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Commercial
Listing Agency:
Real Estate One Port Huron
Listed By:
Mark Ellis · License #6506047652
(810) 650-7861
Source:
Vmrealestatemichigan
Added: Aug 27
Changed: Oct 1
Last Checked: Oct 16 at 9:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate One Port Huron
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Investment Insights
Based on property information with market context.
This 3,500-square-foot building in Warren’s designated green zone is approved for marijuana cultivation, processing, and provisioning operations. The property can also support cannabis distribution, light manufacturing, or use as a commercial shop for a business.
The entire building is currently leased, with tenant rights applying through the lease term ending in March 2027. The property is located at 12525 E 9 Mile Rd in Warren, Michigan.
The entire building is currently leased, with tenant rights applying through the lease term ending in March 2027. The property is located at 12525 E 9 Mile Rd in Warren, Michigan.
Key Highlights
- 3,500‑square‑foot building at 12525 E 9 Mile Rd, Warren, MI 48089
- Located within Warren’s designated green zone
- Approved for marijuana cultivation, processing, and provisioning operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,981
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,620
$359.6K
Cap Rate 7%
$256,871
$256.9K
Cap Rate 9%
$199,789
$199.8K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$26.9K $7.68/SF
− Vacancy
−$1.2K −$0.34/SF
EGI
$25.7K $7.34/SF
− OpEx
−$7.7K −$2.20/SF
NOI
$18.0K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,620
Cap Rate 7%
$256,871
Cap Rate 9%
$199,789
Alternative Uses
Best Use
Industrial
$256.9K
$224.8K – $299.7K
NOI $17,981 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.1K
$675.6K – $900.8K
NOI $54,048 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Cannabis property - Green-zone building approved for cannabis cultivation, processing, provisioning, distribution, and light manufacturing uses.
Where is this cannabis property located?
The property is located at 12525 E 9 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3,500‑square‑foot building at 12525 E 9 Mile Rd, Warren, MI 48089; Located within Warren’s designated green zone; Approved for marijuana cultivation, processing, and provisioning operations
