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    OFF-MARKET
    Land

    0 Kellogg Dr, Reading, MI 49274

    35 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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