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    Specialty properties

    3966 Fraser Rd, Pinconning, MI 48650

    4,800 SF 6.83 ac lot
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    Property summary
    AI-generated overview

    This exceptional 4,800-square-foot, Class A medical marijuana facility, situated on 6.83 acres in Pinconning, Michigan (Bay County, zip code 48650), presents a unique investment opportunity. The property, located at 3966 N Fraser Rd, boasts a 12-foot ceiling height and underwent renovations in 2020. The building, constructed with a metal exterior over a pole barn frame, is currently in full operation and is in the process of upgrading to adult-use licensing. The facility features two to three 30x60-foot grow rooms, each equipped with 40 lights, a 21x14-foot nursery with pallet racking and lighting, a concrete block vault, a prep room, and a 12x14-foot restroom. High-quality infrastructure includes a security system, video surveillance, custom metal rolling benches, a robust water supply, CO2 systems, floor drains, and fiber optics. Utilities include electricity, gas, water, and sewer. The property's strategic location provides easy access to I-75 and M-13, facilitating convenient transport, access to testing labs, vendors, and other essential support services. The permitted zoning is CLASS A (500) MEDICAL MARIJUANA FACILITY. The asking price is $2,250,000, translating to $468.75 per square foot. This turnkey operation offers significant potential for growth and profitability within the expanding Michigan cannabis market. APN: 120-028-100-010-02.

    Property profile
    Verified
    Property type Specialty properties
    Total area 4,800 SF
    Lot 6.83 ac (297,515 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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