Corner Cannabis Retail with
7957 East State Street Central Lake, MI 49622
7957 East State Street, Central Lake, MI, 49622
Contact for pricing
For Sale
Contact for pricing
Turnkey cannabis retail space with an integrated upper loft/office area for streamlined day-to-day operations.
Property Size2,640 SF
Price / SF$359.85
Days on Market56
Property Features for 7957 East State Street
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Property subtype
- Retail, Mixed Use, Business for Sale
Building Details
- Year Built
- 1900
Listing agency
Hudson Real Estate
(810) 632-5050
Listed by
Anne Schultz · License #6501414395
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 2:18PM
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 Hudson Real Estate
Investment Insights
Based on property information with market context.
This offering is a turnkey cannabis retail opportunity totaling 2,640 SF, configured as a storefront retail space with an upper loft/office component. The property is presented for immediate occupancy, combining the primary retail footprint with an additional interior office area above the sales floor.
Located at 7957 East State Street in Central Lake, Michigan, the property’s corner position can support customer-facing visibility and straightforward public access for shoppers approaching from multiple directions.
For a cannabis retailer or related operator, this layout supports separation of front-of-house activity and back-of-house work by incorporating an upper loft/office within the same building envelope. The turnkey presentation reduces the amount of upfront setup required compared with starting from raw space, while the mixed retail-and-office configuration can help streamline staff workflows for daily operations. The property is available for sale.
Located at 7957 East State Street in Central Lake, Michigan, the property’s corner position can support customer-facing visibility and straightforward public access for shoppers approaching from multiple directions.
For a cannabis retailer or related operator, this layout supports separation of front-of-house activity and back-of-house work by incorporating an upper loft/office within the same building envelope. The turnkey presentation reduces the amount of upfront setup required compared with starting from raw space, while the mixed retail-and-office configuration can help streamline staff workflows for daily operations. The property is available for sale.
Key Highlights
- Turnkey cannabis retail opportunity totaling 2,640 SF
- Corner location
- Includes upper loft/office space for day‑to‑day operations
Local 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 | $40.9k | $15.48 |
| − Vacancy | −$1.7k | −$0.65 |
| EGI | $39.2k | $14.83 |
| − OpEx | −$11.7k | −$4.45 |
| NOI | $27.4k | $10.38 |
2,640 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$391.5K
$342.6K – $456.8K
NOI $27,406 @ 7.0% cap · market cap 2.88%
Second Best
Office B
$386.6K
$338.2K – $451.0K
NOI $27,059 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$469.8K
$411.1K – $548.1K
NOI $32,887 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
My TCBD
Wellness Program
Torch Cannabis Co.
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Turnkey cannabis retail space with an integrated upper loft/office area for streamlined day-to-day operations.
Where is this storefront property located?
The property is located at 7957 East State Street Central Lake, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Turnkey cannabis retail opportunity totaling 2,640 SF; Corner location; Includes upper loft/office space for day‑to‑day operations
