616 Dresden Rd Kalkaska, MI 49646
This exceptional 9.64-acre parcel in Kalkaska, Michigan, presents a unique opportunity for industrial development. Located at 616 Dresden Rd, 49646, this property is zoned LIW (Light Industrial & Warehouse), specifically permitting non-open-air cannabis cultivation with unlimited license stacking. This makes it exceptionally well-suited for greenhouse or hoop house operations. The site also offers significant potential for other light industrial and warehouse uses. While currently lacking on-site utilities, water, sewer, and electric connections are readily accessible nearby, simplifying infrastructure development. The property's strategic location offers convenient access to a thriving commercial area, with numerous national and local retailers operating in the immediate vicinity. Furthermore, its proximity to Traverse City (approximately 25 miles, a 40-minute drive to Cherry Capital Airport - TVC) provides excellent regional connectivity and access to Northwest Michigan's premier airport. This versatile property offers a compelling investment opportunity for businesses seeking a strategically located and zoned industrial site in a growing market. The asking price for this exceptional property is $350,000.
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
Similar Nearby for Lease
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.