Licensed Cannabis Cultivation
For Sale
$3,900,000
21736 Bedford Road N, Battle Creek, MI 49017
Commercial Sale, Battle Creek, MI
Property Size15,585 SF
Lot Size110.00 Acres
Price / SF$250.24
Days on Market58
Property Features for 21736 Bedford Road N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
AA AGR
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Battle Creek
Middle school district
Battle Creek
High school district
Battle Creek
Standard status
Active
APN
04-015-007-01
Size
15,585 SF
Lot size
110.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Per Title
Tax Annual Amount
30038
Legal Description
Per Title
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
2021
Number of units
4
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Ellsbury Group
(219) 200-5133
Listed By:
Lane Moser · License #RB19000138
(260) 615-9248
Added: Aug 10
Changed: Sep 16
Last Checked: Oct 6 at 11:06AM
MLS# 26041991
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This licensed cannabis cultivation property comprises approximately 110 acres across three parcels in Bedford Township, with a fenced and irrigated outdoor growing area supported by trellis structures and developed cultivation rows. The offering includes two residential dwellings, warehouse improvements, secure storage, processing and drying areas, dehumidification, and ducted air handling. The properties are served by electricity, a well, and septic systems.
Access is provided by two entrances from N Bedford Road (M-37) and an additional entrance from Wells Street, separating cultivation and support areas. The land is designated AA AGR with a Cannabis Overlay. Michigan Cannabis Regulatory Agency licensing includes a Class C Grower license and an Establishment license. An in-place NNN lease with a third-party tenant runs through March 2027. License transfer requires Michigan Cannabis Regulatory Agency approval.
Access is provided by two entrances from N Bedford Road (M-37) and an additional entrance from Wells Street, separating cultivation and support areas. The land is designated AA AGR with a Cannabis Overlay. Michigan Cannabis Regulatory Agency licensing includes a Class C Grower license and an Establishment license. An in-place NNN lease with a third-party tenant runs through March 2027. License transfer requires Michigan Cannabis Regulatory Agency approval.
Key Highlights
- Approximately 110 acres across 3 parcels
- Class C Grower license AU‑G‑C‑000871 and Establishment license AU‑ER‑002775
- Fenced, developed, irrigated outdoor grow field with trellis structures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,044
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,340,880
$2.3M
Cap Rate 7%
$1,672,057
$1.7M
Cap Rate 9%
$1,300,489
$1.3M
Market Conditions
NOI Build-Up for 15,585 SF
Gross rent
$147.7K $9.48/SF
− Vacancy
−$10.0K −$0.64/SF
EGI
$137.7K $8.84/SF
− OpEx
−$20.7K −$1.33/SF
NOI
$117.0K $7.51/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,340,880
Cap Rate 7%
$1,672,057
Cap Rate 9%
$1,300,489
Alternative Uses
Best Use
Warehouse
$1.67M
$1.46M – $1.95M
NOI $117,044 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$184.87M
$161.77M – $215.69M
NOI $12,941,239 @ 7.0% cap · market cap 331.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 49017, MI
21,377
Population
9,701
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
56.8 sq mi
ZIP Area
376
Density / Sq Mi
$58,500
Median Household Income
$40,386
Median Earnings
$946
Median Rent
$134,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Cannabis property - Licensed outdoor cultivation operation with fenced irrigated growing areas, support buildings, residences, and multiple access points.
Where is this cannabis property located?
The property is located at 21736 Bedford Road N Battle Creek, MI.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Approximately 110 acres across 3 parcels; Class C Grower license AU‑G‑C‑000871 and Establishment license AU‑ER‑002775; Fenced, developed, irrigated outdoor grow field with trellis structures
