0 Kellogg Dr, Reading, MI 49274
This exceptional 35-acre property in Reading, Michigan (zip code 49274) presents a unique investment opportunity. Priced at $999,000, it encompasses a fully operational medical cannabis grow facility, eliminating the lengthy and costly build-out process. The sale includes all necessary inventory for immediate cultivation and processing of cannabis products for wholesale distribution. The existing infrastructure features three grow rooms, a dedicated drying room, a trim room, and a spacious shop with an overhead door. Outdoor growing space is also available. The property is comprised of seven separate parcels, offering flexibility for various uses. Its proximity to several recreational lakes adds to its appeal. The diverse parcel configuration also presents potential for a small-scale rural development project. This turnkey operation allows for rapid revenue generation, making it an attractive investment for those seeking immediate returns. The property's location offers both business and recreational advantages.
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.