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    1885 Us-23, East Tawas, MI 48730

    1,812 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a thriving adult-use cannabis provisioning center in East Tawas, Michigan. Located on US-23, this 1,812 square foot facility sits on a 1.2-acre lot in a high-traffic retail area, ensuring excellent visibility and accessibility for customers. The property boasts a unique architectural design and a high-quality, recently renovated build-out (2019), setting it apart from competitors. The building itself dates back to 1960, but has undergone significant improvements. This turnkey operation is ready for immediate business, eliminating the need for extensive setup and allowing for a seamless transition for the new owner. Included in the sale is the existing operating license, minimizing the hurdles associated with entering the cannabis industry. The asking price is $350,000, translating to $193.16 per square foot. 2023 property taxes were $4,155.16. Seller financing is available, making this an attractive proposition for qualified buyers. This is a rare chance to acquire an established, profitable business with significant growth potential in a prime location. Don't miss this opportunity to own a successful and well-positioned cannabis provisioning center.

    Property profile
    Verified
    Property type Specialty properties
    Total area 1,812 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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