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    OFF-MARKET
    Commercial real estate

    18 Enterprise Dr, Vassar, MI 48768-9504

    1.75 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-2145463
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sealin' Hatch LLC General Contractor Renovation Specialist
    • Motor City Oasis - MCO (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Maxx Partners LLC · 2 yrs held
    Maxx Partners LLC
    since 2024
    2 recorded transactions
    2024
    2019
    $400,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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