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    OFF-MARKET
    Warehouses

    300 Hammontree Dr, Morenci, MI 49256

    45,000 SF 5.64 ac lot Built 2019
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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