Property profile

1790 S East Tawas, MI 48730

OFF-MARKET
Retail properties & Spaces
1,440 SF 0.27 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Total area 1,440 SF
Lot 0.27 ac (11,761 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1790 S East Tawas, MI 48730
East Tawas metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1790 S?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message