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    301 Bowie St Hartford, MI 49057

    Sponsored
    For Lease
    Contact for pricing

    42-Acre Development Site, High Traffic

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 42-acre commercial development site in Hartford, Michigan, presents a unique investment opportunity. Located at 301 Bowie Street, at the intersection of Bowie St & Drexel St, within Van Buren County's LI Light Industrial District, this single-tenant property boasts significant potential. Currently home to Hartford Speedway, a popular regional racetrack attracting over 30,000 visitors annually, the site offers high visibility and established traffic patterns. The property's zoning allows for diverse uses, making it ideally suited for a multi-use cannabis operation, including cultivation, dispensary, and on-site consumption, potentially paired with complementary businesses such as a restaurant, bar, or coffee shop. Ample land and parking accommodate multiple uses and large-scale development. The city of Hartford has approved recreational and medical marijuana use and has available licenses for micro-grow facilities, dispensaries, and on-site consumption, creating a ready-made market for this development. The site's strategic location offers easy access to several nearby cities including Benton Harbor/St. Joseph, Coloma, Watervliet, Niles, South Bend, South Haven, and Stevensville, many of which lack similar facilities. This presents a significant opportunity to capitalize on the growing demand for cannabis-related businesses in a region with limited supply. The property's size and location make it an attractive investment for developers seeking a high-impact project in a thriving market.

    Property Features for 301 Bowie St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1 SF

    HighLights

    • Class A cultivation facility: 500‑plant capacity.
    • Class B cultivation facility: 1,000‑plant capacity.
    • Class C cultivation facility: 1,500‑plant capacity.
    • Marijuana processing facility.
    • Secure marijuana transportation services.
    • Dispensary license.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hartford Speedway Car Racing Track

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.1733582
    Latitude
    42.2135837

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    FAQs

    What type of property is this?
    Land - 42-Acre Development Site, High Traffic
    Where is this land located?
    The property is located at 301 Bowie St Hartford, MI.
    What are key features of this property?
    This property features: Class A cultivation facility: 500-plant capacity.; Class B cultivation facility: 1,000-plant capacity.; Class C cultivation facility: 1,500-plant capacity.
    Request Owner's contact information
    301 Bowie St Hartford, MI 49057
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    Hartford, MI 49057
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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
    301 Bowie St Hartford, MI 49057
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