Property summary
This exceptional opportunity presents a fully operational, state-licensed adult-use marijuana dispensary in Bay City, Michigan, for sale. The business, real estate, and all licensing are included in the asking price of $650,000. Located at 1525 Broadway St, this 345-square-foot retail space sits on a 5,227-square-foot lot and boasts 15 parking spaces, designed to accommodate drive-thru capabilities for efficient customer service. Built in 1952 and extensively renovated in 2022, the single-story building is zoned for Commercial Retail A/C and currently enjoys 100% occupancy. The property's prime location in a rapidly developing area of Bay City offers significant growth potential. Minimal utility costs contribute to the high profitability of this established business. This turnkey operation is ideal for an individual or company looking to enter or expand within the thriving Michigan cannabis market. The property's APN is 160-033-304-006-00. This is a rare opportunity to acquire a profitable, established business with significant upside. The price per square foot is $1,884.06.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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