Property summary
This 1,440 square foot storefront, located at 1790 S U.S. 23 in East Tawas, Michigan (48730), is a fully approved and permitted medical and recreational marijuana dispensary. Situated on a 0.27-acre lot, this property boasts excellent visibility and high traffic counts exceeding 10,000 vehicles daily due to its prime location on US-23, a major thoroughfare. The asking price is $100,000, translating to $69.44 per square foot. Construction plans are already in place, making this a turnkey opportunity. This dispensary holds one of only six licenses in this popular tourist destination, with three currently operating. The municipality has already approved the business plan, significantly reducing the hurdles for a new owner. This presents a unique chance to acquire a profitable, established business in a high-demand market with minimal setup time and costs. Serious inquiries are encouraged; the price is negotiable.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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