24703 River Rd Mount Clemens, MI 48043
- Retail properties
- 3,315 SF
- 0.64 lot acres
Current Use by Public Records
- Retail properties
Property Details for 24703 River Rd
- Lot size
- 0.64 lot acres
- Property size
- 3,315 SF
- Property type
- Retail properties
- Property subtype
- Individual retail properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Clemens
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8599
- Latitude
- 42.5927
