Property profile

0 Kellogg Dr Reading, MI 49274

OFF-MARKET
Land
35 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 35 ac (1,524,600 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Kellogg Dr Reading, MI 49274
Reading 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 Kellogg Dr?
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