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    Turnkey Adult-Use Provisioning Center Title is generated by Realmo AI

    19169 Us Highway 12, New Buffalo, MI 49117

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    For Sale
    $1,500,000

    Municipal and state approved turnkey center with license included, plus planned parking improvements for strong roadside visibility.

    Property size:
    2,277 SF
    Price / SF:
    $658/SF
    Added:
    Nov 5, 2025
    Days on Market:
    212
    Last Refresh:
    Jun 3 at 2:14 am

    Property Features for 19169 Us Highway 12

    General Information

    Standard status
    Active
    Size
    2,277 SF

    We can help!

    Listing Contact
    Corbin Yaldoo
    Corbin Yaldoo

    Listing agent Corbin Yaldoo License #6502431997

    Listing office C3 CRE, LLC

    Listing date Nov 5, 2025

    Source Exprealty

    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 C3 CRE, LLC

    HighLights

    • Municipal and state approved turnkey adult‑use provisioning center for sale with license included
    • High‑traffic corner location between US‑12 and Wilson Road with direct access from both main roads
    • Approximately 8,455+ vehicles per day along the US‑12/Wilson Road corridor
    • Planned parking lot improvement with 72 parking spaces
    • Located in New Buffalo’s tourist corridor

    Overview

    This turnkey adult-use provisioning center is being offered for sale with the license and real estate included, providing a ready-to-operate platform for a qualified operator. The property is described as municipally and state approved, and the only major site improvement identified is the construction of a new parking lot with 72 parking spaces, leaving the core operational components in place for an efficient transition.

    The site is positioned on a high-traffic corner between US-12 and Wilson Road, with outstanding visibility and signage opportunities directly off both main roads. The corridor is reported to experience approximately 8,455+ vehicles per day, supporting consistent daytime and evening traffic. It also sits within New Buffalo’s tourist corridor and is surrounded by national retailers, hotels, and dense residential neighborhoods, which can help sustain steady consumer demand.

    For buyers and operators looking to expand in southwest Michigan’s cannabis market, this offering pairs regulatory approval with a straightforward path to site completion. Its prominent roadside location and tourism-oriented setting make it a practical fit for an adult-use provisioning use seeking strong exposure and dependable footfall, subject to applicable approvals and compliance requirements.
    Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    New Buffalo
    County
    Berrien
    State
    Michigan
    Longitude
    -86.774466
    Latitude
    41.778971

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    FAQs

    What type of property is this?
    Cannabis property - Municipal and state approved turnkey center with license included, plus planned parking improvements for strong roadside visibility.
    Where is this cannabis property located?
    The property is located at 19169 Us Highway 12 New Buffalo, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Municipal and state approved turnkey adult‑use provisioning center for sale with license included; High‑traffic corner location between US‑12 and Wilson Road with direct access from both main roads; Approximately 8,455+ vehicles per day along the US‑12/Wilson Road corridor
    (248) 220-1110
    We can help!
    Listing Contact
    Corbin Yaldoo
    Corbin Yaldoo
    Real Estate License ID: 6502431997
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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