1790 S, East Tawas, MI 48730
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.
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.
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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.