Property profile

1885 Us-23 East Tawas, MI 48730

OFF-MARKET
Specialty properties
1,812 SF
Saved · see the list in your Dashboard

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

Location

1885 Us-23 East Tawas, MI 48730
East Tawas metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1885 Us-23?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message