Property profile

3966 Fraser Rd Pinconning, MI 48650

OFF-MARKET
Specialty properties
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

Location

3966 Fraser Rd Pinconning, MI 48650
Pinconning metro
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Value estimations

Realmo proprietary · 4 methods
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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
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