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    8505 Isabella County Line Rd Coleman, MI 48618

    Sponsored
    For Sale
    $5,995,000

    69-Acre Michigan Cannabis Farm

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 69-acre property in Wise Township, Michigan, presents a fully operational outdoor cannabis cultivation facility. The site boasts two Class-C Medical and eight Class-C Recreational cultivation licenses, allowing for a total of 19,000 plants. Cultivation is permitted indoors, in greenhouses, and outdoors, with unlimited Class C stacking permitted. Twelve acres are fully irrigated using a Dosatron system, secured by 10-foot high steel fencing, and monitored by 24/7 video surveillance. The entire 69 acres are tilled and ready for planting. On-site improvements include fourteen trailers for drying, three 300-square-foot pole barns (two for storage, one for office use), and a large tractor. The property is conveniently located less than two hours from Oakland County, with easy access to I-96 and I-69, ensuring optimal transportation logistics. Utilities include a well, septic system, and three-phase power. This turnkey operation is offered at $5,995,000 and represents a significant opportunity in the Michigan cannabis market. The property's address is 8505 E Isabella County Line Rd, Coleman, MI 48618.

    Property Features for 8505 Isabella County Line Rd

    General Information

    Property type
    Land
    Lot Size
    3,005,640 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Coleman
    County
    Isabella
    State
    Michigan
    Longitude
    -84.6065154
    Latitude
    43.7656964

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    FAQs

    What type of property is this?
    Land - 69-Acre Michigan Cannabis Farm
    Where is this land located?
    The property is located at 8505 Isabella County Line Rd Coleman, MI.
    What is the asking price?
    The asking price for this property is $5,995,000.
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    8505 Isabella County Line Rd Coleman, MI 48618
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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
    8505 Isabella County Line Rd Coleman, MI 48618
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