1003 Elm St, Tekonsha, MI 49092-9504
This 7,260 sq ft industrial property in Tekonsha, MI, sits on a 1.51-acre lot and is a fully operational, state-approved cannabis cultivation and processing facility. Having been in service for over two years, the owners are retiring, presenting a unique opportunity for acquisition. The facility boasts three interior build-out rooms, offering immediate operational capacity with ample room for expansion. The municipality's ordinance permits outdoor cultivation, allowing for the addition of greenhouses, pods, or traditional outdoor growing areas to significantly increase production. The property is fully equipped with state-of-the-art infrastructure, including comprehensive lighting, security systems, HVAC, scrubbers, and a dehumidifier/humidity control system. A substantial engineered septic system provides ample capacity for future expansion, and the property is connected to city water. The electrical service features a 440 3-phase panel with significant additional capacity for future build-outs. The seller is open to considering short-term seller financing/land contract options with a 50% down payment. Prospective buyers are responsible for conducting their own due diligence to verify all information provided. This turnkey operation presents a rare opportunity to acquire an established and compliant cannabis business. Please note that the business is also available for sale separately.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.