Property profile

18 Enterprise Dr Vassar, MI 48768

OFF-MARKET
Commercial real estate
Property ID
US43-2145463
1.75 ac lot
Entity Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional turnkey cannabis business opportunity in Vassar, MI, presents a rare chance to acquire a thriving, established dispensary and cultivation facility. The 5,200 square foot, Class A building, constructed in 2000 and extensively renovated in 2022, sits on a 1.74-acre lot (APN: 051500610010000) and boasts a 16-foot ceiling height. The single-unit property, operating at 100% occupancy, features a fully equipped cultivation area with six rooms (clone, dry, veg, three flowering, and lab). The property includes all fixtures, furniture, and equipment (FF&E). Its prime location along a major highway in Tuscola County provides excellent visibility with a prominent monument sign. The business enjoys a strong market position as one of only five operating dispensaries in the immediate area, serving a dense residential population and benefiting from proximity to national tenants. The property offers two access points and ample parking, allowing for potential expansion. Financial records demonstrate consistent monthly sales growth. This is a unique opportunity to acquire a profitable, established business with significant growth potential. The asking price is $995,000 ($191.35/sq ft). Serious inquiries only.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.75 ac (76,230 SF)
APN 051-500-610-0100-00
UPID US43-2145463

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
  • General Contractor Renovation Specialist
  • (Bike/Boat/Book/etc) Store

Location

18 Enterprise Dr Vassar, MI 48768-9504
Vassar metro Census 900
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2019
$400,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 18 Enterprise Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message