Municipally Approved Retail Cannabis
25535 Plymouth Road Redford, MI 48239
New
For Sale
$1,000,000
Proposed new construction retail cannabis facility with city-approved plans and an included retailer license, on Plymouth Road with strong daily traffic.
Property Size2,350 SF
Price / SF$425.53
Days on Market5
Property Features for 25535 Plymouth Road
General Information
- Standard status
- Active
- Size
- 2,350 SF
Listing Agency:
Keller Williams Legacy
(313) 482-8893
Listed By:
Hiam Harb
(313) 482-8893
Source:
Exprealty
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 25 at 4:39AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This offering includes both a municipally approved retail cannabis facility and the included retailer license, with the real estate included in the sale. The site contemplates proposed new construction of a retail facility, supported by city-approved construction and building plans already in place for the next owner to move forward.
The property is located in a designated Green Zone. Situated on Plymouth Road, the site is positioned on a heavily traveled commercial corridor with over 38,000 vehicles passing daily, providing visibility and exposure appropriate for a retail cannabis operator or investor considering a turnkey development.
The combination of approved plans, retailer license inclusion, and frontage along Plymouth Road creates a focused opportunity centered on acquiring a ready-to-proceed municipal cannabis retail development in place.
The property is located in a designated Green Zone. Situated on Plymouth Road, the site is positioned on a heavily traveled commercial corridor with over 38,000 vehicles passing daily, providing visibility and exposure appropriate for a retail cannabis operator or investor considering a turnkey development.
The combination of approved plans, retailer license inclusion, and frontage along Plymouth Road creates a focused opportunity centered on acquiring a ready-to-proceed municipal cannabis retail development in place.
Key Highlights
- Municipal approved retail cannabis facility with both the retailer license and real estate included in the sale
- Proposed new construction retail facility with city‑approved construction and building plans already in place
- Located in a designated Green Zone
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $18.60 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $41.3k | $17.60 |
| − OpEx | −$12.4k | −$5.28 |
| NOI | $28.9k | $12.32 |
2,350 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$413.5K
$361.8K – $482.4K
NOI $28,945 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,289 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cannabis Properties
FAQs
What type of property is this?
Cannabis property - Proposed new construction retail cannabis facility with city-approved plans and an included retailer license, on Plymouth Road with strong daily traffic.
Where is this cannabis property located?
The property is located at 25535 Plymouth Road Redford, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Municipal approved retail cannabis facility with both the retailer license and real estate included in the sale; Proposed new construction retail facility with city‑approved construction and building plans already in place; Located in a designated Green Zone
