1952 Houghton Lake Dr, prudenville, MI 48651
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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