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Property profile & analytics
OFF-MARKET
Commercial real estate

0 0001 Morenci, MI 49256

Property ID
Property summary
AI-generated overview

This turnkey marijuana cultivation operation in Morenci, Michigan, presents a lucrative investment opportunity. The business occupies a 12,000-square-foot leased facility featuring eight growing rooms. Currently generating $1.3 million to $1.6 million in annual revenue with a net cash flow of $500,000, this established operation boasts a strong track record. Monthly rent is $20,000. The business employs ten individuals, indicating a well-structured and efficient operation. Financial details, including EBITDA, FF&E, and inventory, are not currently available. The asking price for this profitable venture is $1,700,000. The lease expiration date is not specified. This is a rare chance to acquire a fully operational and profitable cannabis cultivation business with significant growth potential. Located in Morenci, Lenawee County, Michigan (zip code 49256), this property offers a strategic location within the state's thriving cannabis industry. Serious inquiries only. Further details are available upon request.

Property profile
Verified
Property type Commercial real estate
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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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