Cannabis Production
For Sale
Contact for pricing
42469 Irwin Drive, Harrison Township, MI 48045
Industrial facility with specialized cultivation, processing, irrigation, and environmental-control infrastructure.
Property Size11,000 SF
Price / SF$145
Days on Market66
Property Features for 42469 Irwin Drive
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Special Purpose
Building Details
Year Built
1972
Year Renovated
2020
Buildings
1
Listing Agency:
Michigan Cannabis Properties
Listed By:
Elijah Simkins · License #MI
Source:
Crexi
Added: Aug 11
Changed: Oct 3
Last Checked: Oct 14 at 11:29PM
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 Michigan Cannabis Properties
Investment Insights
Based on property information with market context.
The 11,000-square-foot facility, built in 1972, is configured for commercial cannabis production and includes five separate flower rooms, a dedicated vegetative room, two drying rooms, two irrigation rooms, secure storage, and a combined break and trim area. Each flower room has commercial dehumidification, 8–10 ductless 3-ton mini-split units, dedicated nutrient tanks, 2.5 HP pumps, and custom drainage. The building also provides 192 cultivation fixtures, 1,600 amps of electrical service, and sprinkler protection.
A 60-foot shipping container on the property is fitted for CO2 processing with Daikin mini-split HVAC and dry-chemical fire suppression. Existing processing equipment includes a T2 Twister trimmer with Trim Saver and a Trimminator. The site was formerly operated under a Michigan Class C recreational license and may also support alternative industrial or flex conversion, subject to applicable requirements.
A 60-foot shipping container on the property is fitted for CO2 processing with Daikin mini-split HVAC and dry-chemical fire suppression. Existing processing equipment includes a T2 Twister trimmer with Trim Saver and a Trimminator. The site was formerly operated under a Michigan Class C recreational license and may also support alternative industrial or flex conversion, subject to applicable requirements.
Key Highlights
- 11,000‑square‑foot industrial facility built in 1972
- Five flower rooms with 192 fixtures using 1000W Gavita and Iluminar lights
- 1,600 amps of electrical service with full sprinkler protection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,313
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,260
$1.2M
Cap Rate 7%
$847,329
$847.3K
Cap Rate 9%
$659,033
$659.0K
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$89.8K $8.16/SF
− Vacancy
−$5.0K −$0.46/SF
EGI
$84.7K $7.70/SF
− OpEx
−$25.4K −$2.31/SF
NOI
$59.3K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,260
Cap Rate 7%
$847,329
Cap Rate 9%
$659,033
Alternative Uses
Best Use
Industrial
$847.3K
$741.4K – $988.6K
NOI $59,313 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,156 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 48045, MI
24,341
Population
12,401
Households
2
Avg Household Size
46
Median Age
26%
College-Educated
95%
High-School Grad
14.3 sq mi
ZIP Area
1,702
Density / Sq Mi
$77,808
Median Household Income
$48,889
Median Earnings
$1,085
Median Rent
$243,000
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 - Industrial facility with specialized cultivation, processing, irrigation, and environmental-control infrastructure.
Where is this cannabis property located?
The property is located at 42469 Irwin Drive Harrison Township, MI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 11,000‑square‑foot industrial facility built in 1972; Five flower rooms with 192 fixtures using 1000W Gavita and Iluminar lights; 1,600 amps of electrical service with full sprinkler protection
