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    1790 S East Tawas, MI 48730

    Sponsored
    For Sale
    $100,000

    High-traffic, established dispensary; turnkey operation.

    Property size:
    1,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,440 square foot storefront, located at 1790 S U.S. 23 in East Tawas, Michigan (48730), is a fully approved and permitted medical and recreational marijuana dispensary. Situated on a 0.27-acre lot, this property boasts excellent visibility and high traffic counts exceeding 10,000 vehicles daily due to its prime location on US-23, a major thoroughfare. The asking price is $100,000, translating to $69.44 per square foot. Construction plans are already in place, making this a turnkey opportunity. This dispensary holds one of only six licenses in this popular tourist destination, with three currently operating. The municipality has already approved the business plan, significantly reducing the hurdles for a new owner. This presents a unique chance to acquire a profitable, established business in a high-demand market with minimal setup time and costs. Serious inquiries are encouraged; the price is negotiable.

    Property Features for 1790 S

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,440 SF
    Lot Size
    11,761 SF

    HighLights

    • $100,000 asking price for a 1,440 sq ft storefront in East Tawas, MI.
    • Municipally approved medical/recreational dispensary with construction plans.
    • High‑traffic location on US‑23, exceeding 10,000 cars daily.
    • One of six licensed dispensaries in a popular tourist area; three currently operating.
    • 0.27‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    East Tawas
    County
    Iosco
    State
    Michigan
    Longitude
    -83.4505805
    Latitude
    44.2920732

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic, established dispensary; turnkey operation.
    Where is this individual retail property located?
    The property is located at 1790 S East Tawas, MI.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: $100,000 asking price for a 1,440 sq ft storefront in East Tawas, MI.; Municipally approved medical/recreational dispensary with construction plans.; High-traffic location on US-23, exceeding 10,000 cars daily.
    Request Owner's contact information
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    Realmo Value Estimation

    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

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    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.

    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
    1790 S East Tawas, MI 48730
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