Property profile

300 Hammontree Dr Morenci, MI 49256

OFF-MARKET
Warehouses
45,000 SF 5.64 ac lot Built 2019
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Year built 2019
Total area 45,000 SF
Lot 5.64 ac (245,678 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

300 Hammontree Dr Morenci, MI 49256
Morenci metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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