39530 Red Arrow HwyPaw Paw, MI 49079

Property Details for 39530 Red Arrow Hwy

Year built

1995

Lot size

7.28 AC

Property size (Sq ft)

13,144 SF

Zone code

MULTI

Property type

Retail properties

Property subtype

Retail space

APN

80-14-015-027-01

APU

801401502701

Description

This turnkey, vertically integrated cannabis operation in Paw Paw, Michigan, presents a rare investment opportunity. Located just 30 miles from the Indiana border, this 7.51-acre property includes a fully operational dispensary (2,100 sq ft), a processing center (6,650 sq ft) with a recently purchased $1 million processing machine, and two 3,200 sq ft all-season greenhouses for cultivation. The total square footage is 16,350 sq ft across four buildings. The business boasts impressive financials: 2023 revenue totaled $14.2 million with a $2.6 million gross profit and approximately $900,000 after-tax income. 2024 (through Q3) shows $6.6 million in revenue and $990,000 in gross profit. The property is zoned commercial and offered as a fee simple absolute ownership. The asking price is $4,999,000, representing a current cap rate of 18% and a pro-forma cap rate of 34.01%. The current NOI is $900,000, with a pro-forma NOI of $1,700,000. The business also serves as the exclusive white-label producer for the JuJu Royal Brand. Seller financing may be available for qualified buyers. This is a first-come, first-served opportunity requiring proof of funds or a significant company profile for consideration. The property was renovated in 2020.

• CAP approach

  CAP return

  Valuation

  6%

  $2,479,865

  6.5%

  $2,289,106

  7%

  $2,125,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,314,255

  Geo Method

  $4,314,255

• Alternative Use

  Use

  Valuation

  Residential

  $1,930,947

  Hospitality

  $1,768,737

  Educational

  $1,471,568

  Medical

  $1,522,178

  Retail

  $2,289,106

Location Insight

City

Paw Paw

County

Van Buren

State

Michigan

Latitude

42.2137

Longitude

-85.9325

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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