300 Hammontree Dr, Morenci, MI 49256
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.