Turnkey Industrial/Cannabis Cultivation
For Sale
$649,900
5028 Page Ave, Jackson, MI 49201
6,080 sq ft industrial building suitable for cannabis cultivation.
Property Size6,080 SF
Lot Size1.10 Acres
Price / SF$106.89
Days on Market214
Property Features for 5028 Page Ave
General Information
Standard status
Active
Size
6,080 SF
Lot size
1.10 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,971
Building Details
Year Built
1989
Units
1
Listing Agency:
EXIT REALTY 1ST LLC
Listed By:
KIMBERLY J KURTZ · License #6502343614
(517) 745-1007
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 25 at 9:44AM
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 EXIT REALTY 1ST LLC
Investment Insights
Based on property information with market context.
This M-Heavy Industrial building offers a turnkey operation suitable for both traditional industrial users and cannabis cultivation and processing. The 6,080 sq. ft. facility features 12 ft. to 14 ft. ceilings, with 4 grow rooms and steel stud construction throughout. It is equipped with advanced climate control, including 6-ton, 5-ton, and three 10-ton AC/Heater units, multiple Quest 250 dehumidifiers, and high-velocity fans. The property also features over 100 LED lights (including 1150-watt units) with Troll Master phone-controlled automation. Water and filtration systems include a high-capacity Reverse Osmosis system, 250-gallon cone bottom tanks, and a DAB water machine (300 GPM). The facility is harvest-ready with a Twister T4 trim machine, multiple flood tables, and extensive drying racks. Power is supplied by a 3-phase 200 amp service. Security is provided by an Arlo system.
Key Highlights
- Turn‑key operation suitable for both traditional industrial use and cannabis cultivation/processing.
- State‑of‑the‑art environment designed for precision cultivation.
- Advanced climate control system with multiple AC/Heater units, dehumidifiers, and high‑velocity fans.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,241
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,820
$844.8K
Cap Rate 7%
$603,443
$603.4K
Cap Rate 9%
$469,344
$469.3K
Market Conditions
NOI Build-Up for 6,080 SF
Gross rent
$67.1K $11.04/SF
− Vacancy
−$6.8K −$1.12/SF
EGI
$60.3K $9.92/SF
− OpEx
−$18.1K −$2.98/SF
NOI
$42.2K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,820
Cap Rate 7%
$603,443
Cap Rate 9%
$469,344
Alternative Uses
Best Use
Industrial
$603.4K
$528.0K – $704.0K
NOI $42,241 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$970.6K
$849.3K – $1.13M
NOI $67,940 @ 7.0% cap · market cap 10.45%
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
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
Median Home Value
Check the figures for this property
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 - 6,080 sq ft industrial building suitable for cannabis cultivation.
Where is this cannabis property located?
The property is located at 5028 Page Ave Jackson, MI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Turn‑key operation suitable for both traditional industrial use and cannabis cultivation/processing.; State‑of‑the‑art environment designed for precision cultivation.; Advanced climate control system with multiple AC/Heater units, dehumidifiers, and high‑velocity fans.
