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    0001 Morenci, MI 49256

    Sponsored
    For Sale
    $1,700,000

    High-revenue, established cannabis cultivation business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This turnkey marijuana cultivation operation in Morenci, Michigan, presents a lucrative investment opportunity. The business occupies a 12,000-square-foot leased facility featuring eight growing rooms. Currently generating $1.3 million to $1.6 million in annual revenue with a net cash flow of $500,000, this established operation boasts a strong track record. Monthly rent is $20,000. The business employs ten individuals, indicating a well-structured and efficient operation. Financial details, including EBITDA, FF&E, and inventory, are not currently available. The asking price for this profitable venture is $1,700,000. The lease expiration date is not specified. This is a rare chance to acquire a fully operational and profitable cannabis cultivation business with significant growth potential. Located in Morenci, Lenawee County, Michigan (zip code 49256), this property offers a strategic location within the state's thriving cannabis industry. Serious inquiries only. Further details are available upon request.

    Property Features for 0 0001

    General Information

    Property type
    Investment properties

    HighLights

    • $1,700,000 Asking Price
    • $500,000 Cash Flow and $1,500,000 Gross Revenue
    • 11,000 SF facility with 8 grow rooms in Morenci, MI
    • $20,000 monthly lease payment
    • Established marijuana grow operation with 10 employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morenci
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.2178842
    Latitude
    41.7193747

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    FAQs

    What type of property is this?
    Investment property - High-revenue, established cannabis cultivation business.
    Where is this investment property located?
    The property is located at 0001 Morenci, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: $1,700,000 Asking Price; $500,000 Cash Flow and $1,500,000 Gross Revenue; 11,000 SF facility with 8 grow rooms in Morenci, MI
    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.

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    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.

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    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
    0001 Morenci, MI 49256
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