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    300 Hammontree Dr Morenci, MI 49256

    Sponsored
    For Sale
    Contact for pricing

    Cannabis-ready industrial buildings in Michigan.

    Property size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two partially completed industrial buildings situated within the 65-acre Skyline Industrial Park in Morenci, Michigan. The property encompasses 5.64 acres, with 3.43 acres of land available for further development. Currently, there's a 45,000 square foot, single-story steel building on 2.21 acres, offering immediate potential. An additional 45,000 to 90,000 square feet of building space can be constructed on the remaining land. The property benefits from a 30-foot wide ingress-egress easement and is zoned I-2 Skyline Industrial Zoning District, permitting cannabis cultivation and processing. Utilities, including water and electricity provided by Consumers Energy, are readily available on-site. This Class C facility is conveniently located 25 minutes from downtown Adrian and 45 minutes from Toledo, offering excellent access to major transportation routes. The property is municipally licensed and strategically positioned within a thriving cannabis business zone, attracting significant traffic from a wide radius, including areas in Ohio. This presents a unique chance to capitalize on the burgeoning cannabis industry in a prime location.

    Property Features for 300 Hammontree Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    45,000 SF
    Class
    C
    Lot Size
    245,678 SF

    Building Details

    Year Built
    2019
    Buildings
    2
    Stories
    1

    HighLights

    • 5.64‑acre parcel with a 45,000 SF single‑story steel building on 2.21 acres, plus 3.43 acres of developable land.
    • Potential to add 45,000‑90,000 SF of building space.
    • Municipally licensed Class C industrial property.
    • 30‑foot wide ingress/egress easement.
    • I‑2 Skyline Industrial Zoning District (permits cannabis cultivation and processing).
    • On‑site utilities: water and electricity (Consumers Energy).
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Morenci
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.2056071
    Latitude
    41.7145617

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    FAQs

    What type of property is this?
    Distribution property - Cannabis-ready industrial buildings in Michigan.
    Where is this distribution property located?
    The property is located at 300 Hammontree Dr Morenci, MI.
    What are key features of this property?
    This property features: 5.64-acre parcel with a 45,000 SF single-story steel building on 2.21 acres, plus 3.43 acres of developable land.; Potential to add 45,000-90,000 SF of building space.; Municipally licensed Class C industrial property.
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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

    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.

    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
    300 Hammontree Dr Morenci, MI 49256
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