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1525 Broadway St Bay City, MI 48708

OFF-MARKET Retail properties & Spaces Google Maps
345 SF Built 1952
Estimated value
No estimation on file for this property yet.
Property ID US43-1232442

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 1952
Total area 345 SF
UPID US43-1232442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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