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    301 Bowie St Hartford, MI 49057

    Sponsored
    For Sale
    Contact for pricing

    42-Acre Mixed-Use Development Site in Michigan

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 42-acre mixed-use development site in Hartford, Michigan, presents a unique investment opportunity. Currently home to the Hartford Speedway, a popular 3/8-mile clay racetrack attracting over 30,000 visitors annually, this property offers significant potential for diverse commercial ventures. Located in the LI Light Industrial District, the site is ideally suited for a multi-use cannabis operation, encompassing cultivation, dispensary, and on-site consumption, complemented by additional amenities such as a restaurant, bar, or coffee shop. Ample land and parking accommodate multiple uses. The city of Hartford has approved recreational and medical marijuana use and offers several available licenses for micro-grow facilities, dispensaries, and on-site consumption, making this a prime location to capitalize on the growing cannabis industry. The property's strategic location provides convenient 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. Potential cannabis operations could range from Class A (500 plants) to Class C (1500 plants), with opportunities also available for processing, secure transportation, and laboratory services. This is a rare chance to acquire a large-scale development site with significant existing infrastructure and high growth potential in a rapidly expanding market. The property is zoned for light industrial use.

    Property Features for 301 Bowie St

    General Information

    Property type
    Land
    Square Feet
    1 SF
    Lot Size
    1,846,944 SF

    HighLights

    • 42‑acre mixed‑use development site in Hartford, MI.
    • Currently houses a 3/8‑mile racetrack attracting over 30,000 annual visitors.
    • Zoned for light industrial use in the LI Light Industrial District.
    • City of Hartford approves recreational and medical marijuana, with available licenses for cultivation, dispensaries, and on‑site consumption.
    • Potential for Class A (500 plants), Class B (1000 plants), and Class C (1500 plants) cannabis operations, plus processing, secure transport, and lab services.
    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
    Buren
    State
    Michigan
    Longitude
    -86.1733582
    Latitude
    42.2135837

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    FAQs

    What type of property is this?
    Land - 42-Acre Mixed-Use Development Site in Michigan
    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: 42-acre mixed-use development site in Hartford, MI.; Currently houses a 3/8-mile racetrack attracting over 30,000 annual visitors.; Zoned for light industrial use in the LI Light Industrial District.
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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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