402 S Oak St Buchanan, MI 49107
- Retail space
- 5,960 SF
- 0.20 lot acres
Current Use by Public Records
- Retail space
Property Details for 402 S Oak St
- Year built
- 1920
- Lot size
- 0.20 lot acres
- Property size
- 5,960 SF
- Zone code
- R-1 SIN
- Property type
- Retail space
- APN
- 58-1500-0013-00-2
- APU
- 5815000013002
Description
This exceptional mixed-use property in Buchanan, Michigan presents a compelling redevelopment and investment opportunity. The 10,914 square foot facility comprises three buildings totaling 0.73 acres on South Oak Street, strategically located between West Alexander and West Smith Streets, offering convenient access to downtown Buchanan's amenities and major highways US 12 and US 31. The property features two entrances, one on Oak Street and another on Smith Street. The largest building, a 6,206 square foot cannabis grow facility, is approximately 90% complete. A second building, intended as a grow facility, measures 2,068 square feet and is 50% complete. A third 2,640 square foot building is designated for storage. The original development plan included separate entrances, a community garden, ample parking, and well-defined pathways. The property is zoned for industrial use and was built in 1920, undergoing renovations in 2023. The asking price is $1,295,000, translating to $118.65 per square foot. This turnkey opportunity allows a new owner to complete the development and customize the facility to their specifications. The property's prime location and existing infrastructure make it an attractive investment for those seeking to capitalize on the growing cannabis industry in Michigan.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buchanan
- County
- Berrien
- State
- Michigan
- Longitude
- -86.3615
- Latitude
- 41.8239
- CBSA code
- 35660
- CBSA name
- NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
