Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Industrial Cultivation Facility Title is generated by Realmo AI

    501 Hillsborough Street, Hartford, MI 49057

    View on Map
    Claim this Listing
    New
    For Sale
    $300,000

    COMMERCIAL - Hartford, MI

    Property size:
    1,500 SF
    Lot size:
    9.61 Acres
    Price / SF:
    $200/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 501 Hillsborough Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Interior features
    Broadband
    Standard status
    Active
    APN
    80-52-816-045-00
    Size
    1,500 SF
    Lot size
    9.61 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    ON FILE
    Tax Annual Amount
    4237

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Building materials
    Concrete
    Roof type
    Composition

    We can help!

    Listing Contact
    Carie O'Donnell
    Carie O'Donnell

    Listing agent Carie O'Donnell License #6501288364

    Listing office Coldwell Banker Realty 10 N Whittaker St., Northbrook, MI

    Listing date Jun 4, 2026

    MLS# 26027026

    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.

    HighLights

    • Industrial‑zoned cultivation facility that is fully operational and METRC‑ready for immediate production
    • New 800‑amp 208V 3‑phase power with expansion capacity, plus new transformers and wiring
    • Upgraded HVAC systems and new gas service
    • Commercial‑grade water treatment system with 4,000 GPD reverse osmosis, carbon filtration, and water softener
    • Copper water lines, sewer, plumbing, floor drains, and spray foam insulation throughout
    • New composition roof; on‑demand hot water; broadband and cable available

    Overview

    Turnkey industrial-zoned cannabis cultivation facility presented as fully operational and METRC-ready for immediate production. The property is equipped with extensive infrastructure upgrades, including new 800-amp 208V 3-phase power with expansion capacity, new transformers and wiring, and upgraded HVAC systems. Additional recent improvements include new gas service, copper water lines, sewer and plumbing, floor drains, spray foam insulation, and a new roof with on-demand hot water.

    The facility is located at 501 Hillsborough Street in Hartford, Michigan 49057, in Van Buren County. It sits on 9.61 acres and totals 1,500 square feet, providing a compact footprint designed around controlled-environment cultivation operations.

    From a tenant or operator standpoint, the primary value is that core production systems are already in place. Water handling includes commercial-grade water treatment with a 4,000 GPD reverse osmosis system, carbon filtration, a water softener, and Dosatron nutrient delivery systems. With power, heating and cooling, plumbing, drainage, and insulation upgrades completed, an incoming operator can focus on production rather than basic infrastructure work.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.175588
    Latitude
    42.208889

    Nearby Similar for Sale

    • $250,000
      7,666 SF

      Historic Bank Building on Main

      7,666 SF storefront in downtown Hartford, Michigan.
      2 E Main Street, Hartford, MI 49057
      View Details
    • $159,000
      5,200 SF

      Versatile Retail/Industrial Property Near Casino

      Retail/industrial property with 5,200 SF near Four Winds Casino.
      210 W Main St, Hartford, MI 49057
      View Details
    • $89,900
      5,560 SF

      Unique Barn on Two City Lots

      Two-story barn on over half an acre in Hartford.
      401 W South Street, Hartford City Van Buren, MI 49057
      View Details

    FAQs

    What type of property is this?
    Cannabis property - Industrial-zoned, fully operational cultivation facility with METRC readiness and extensive power, HVAC, and water-treatment upgrades.
    Where is this cannabis property located?
    The property is located at 501 Hillsborough Street Hartford, MI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Industrial‑zoned cultivation facility that is fully operational and METRC‑ready for immediate production; New 800‑amp 208V 3‑phase power with expansion capacity, plus new transformers and wiring; Upgraded HVAC systems and new gas service
    (269) 612-0412
    We can help!
    Listing Contact
    Carie O'Donnell
    Carie O'Donnell
    Real Estate License ID: 6501288364
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    501 Hillsborough Street, Hartford, MI 49057
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!