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    OFF-MARKET
    Industrial properties

    1952 Houghton Lake Dr, prudenville, MI 48651

    8,000 SF 1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8,000-square-foot industrial property in Prudenville, Michigan, presents a unique opportunity for cannabis cultivation. Located on a one-acre lot at 1952 W Houghton Lake Dr, 48651, this single-story building boasts a 16-foot ceiling height and features 14 dock-high doors and one loading dock. Renovated in 2021, the facility includes 4,880 square feet of turnkey cultivation space, currently configured with three 430-square-foot flowering rooms, one 430-square-foot drying room, and one 313-square-foot vegetative room. An additional 3,120 square feet of former retail space offers significant expansion potential, easily adaptable for additional drying or flowering rooms. High-end features include 5 tons of HVAC per grow room, automated watering systems, two Quest dehumidifiers, 15 Gavita 1500-watt LED lights per flowering room, and Troll Master Pro controls in all rooms. The property benefits from a recently replaced roof and repaved driveway, and boasts an 800-amp, 480-volt electrical output. The asking price is $895,000 for a fee simple absolute ownership, or a lease is available at $8,500 per month plus NNN. Seller financing options may be available for qualified buyers. The property is zoned commercial and is currently vacant.

    Property profile
    Verified
    Property type Industrial properties
    Total area 8,000 SF
    Lot 1 ac (43,560 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
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