Licensed Dispensary and
For Sale
Contact for pricing
Pending
450 S Main St, Ann Arbor, MI 48104
Ground-level retail is licensed as a dispensary, with a second-floor consumption lounge under licensing in process.
Property SizeContact for details
Days on Market143
Property Features for 450 S Main St
General Information
Standard status
Pending
Property subtype
Retail, Business for Sale
Listing Agency:
CLG Realty Advisors
(517) 750-7650
Listed By:
Christopher Breneman · License #MI 6501385709
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Aug 31 at 11:04AM
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 CLG Realty Advisors
Investment Insights
Based on property information with market context.
This offering presents a rare business opportunity with two levels already designed for cannabis-focused operations. The ground-level floor is currently built out and licensed as a dispensary. The second floor is in the process of being licensed as a consumption lounge, with licensing status moving forward from its current stage.
The property is located in downtown Ann Arbor, approximately half a mile from the University of Michigan. The seller notes that the transaction sale does not include real estate, and land contract and lease terms are available.
The seller also references a monthly rent amount of $11,000 assumed by the new buyer. Interested parties should confirm all deal terms and licensing details during due diligence.
The property is located in downtown Ann Arbor, approximately half a mile from the University of Michigan. The seller notes that the transaction sale does not include real estate, and land contract and lease terms are available.
The seller also references a monthly rent amount of $11,000 assumed by the new buyer. Interested parties should confirm all deal terms and licensing details during due diligence.
Key Highlights
- Ground‑level retail space is currently licensed as a dispensary
- Second‑floor consumption lounge is under licensing in process
- Monthly rent of $11,000 is assumed by the new buyer
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,560
Businesses Nearby
Explore this area
Business Placement
Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-level retail is licensed as a dispensary, with a second-floor consumption lounge under licensing in process.
Where is this retail space located?
The property is located at 450 S Main St Ann Arbor, MI.
What are key features of this property?
This property features: Ground‑level retail space is currently licensed as a dispensary; Second‑floor consumption lounge is under licensing in process; Monthly rent of $11,000 is assumed by the new buyer
