24703 River Rd Mount Clemens, MI 48043
This exceptional Class A, freestanding retail property in Mount Clemens, Michigan, presents a unique investment opportunity. Located at 24703 N River Rd, this 3,315 square foot building sits on a 0.64-acre lot zoned IND-2 and is currently under construction for completion in Fall 2024. The property is a fully licensed adult-use provisioning center, one of only five currently approved in Mount Clemens, offering immediate operational readiness upon completion. The turnkey operation includes branding and inventory. Its strategic location at the I-94 Freeway North River Drive exit ramp provides unparalleled visibility to over 110,000 vehicles per day, maximizing exposure. Ample parking is ensured with 27 on-site spaces and an additional 30 spaces nearby. The property's position bordering Harrison and Clinton Townships, which prohibit provisioning centers, creates a significant market advantage and exclusivity. The asking price is $5,000,000 ($1,508.30/sq ft), and seller financing is available. Joint venture opportunities are also being considered. This is a rare chance to acquire a high-traffic, established cannabis dispensary in a highly desirable location.
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
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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.