0 Nec Scholl And Satterly Lk Rd Mancelona, MI 49659
This exceptional 114.6-acre property in Mancelona Township, Antrim County, Michigan (APN: 05-11-110-013-00), presents a rare opportunity for large-scale cultivation. Currently holding a Class C outdoor grow license with the potential for unlimited stacking, the site offers significant expansion possibilities. The township is open to approving additional licenses, including provisioning centers, processing facilities, and indoor grow operations, maximizing the property's potential. Beyond cultivation, the land is suitable for general agriculture. The acreage comprises mostly flat land, ready for immediate use, with approximately six acres of existing trees providing natural borders. Located near the intersection of Scholl and Satterly Lake Roads (NEC), this site boasts convenient access to M-66 and US-131. Situated at the 45th Parallel North, the climate allows for a growing season exceeding 100 days. Single-phase electrical power is already in place, with upgrade options available through Consumers Energy. While a well and septic system will be needed, the installation cost is anticipated to be relatively low. The asking price is $799,888. This property represents a unique investment opportunity in Michigan's thriving cannabis industry and beyond. The zip code is 49659.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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