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Property profile & analytics
OFF-MARKET
Land

0 Nec Scholl And Satterly Lk Rd Mancelona, MI 49659

114.6 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 114.6 ac (4,991,976 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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