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    OFF-MARKET
    Industrial properties

    1003 Elm St, Tekonsha, MI 49092-9504

    7,260 SF 1.51 ac lot
    Individually Owned 6-yr Hold Free & Clear
    Property ID
    US43-2590101
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Total area 7,260 SF
    Lot 1.51 ac (65,776 SF)
    APN 44-027-147-00
    UPID US43-2590101
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mark T Rockwell · 6 yrs held
    Mark T Rockwell
    since 2020
    Last sale
    $9,250
    3 recorded transactions
    2020
    2016
    $9,250
    2013
    $2,116
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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