Property profile

301 Bowie St Hartford, MI 49057

FOR SALE
Commercial real estate
Property ID
US43-2856871
42.4 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 42-acre commercial development site in Hartford, Michigan, presents a unique investment opportunity. Located at 301 Bowie Street, at the intersection of Bowie St & Drexel St, within Van Buren County's LI Light Industrial District, this single-tenant property boasts significant potential. Currently home to Hartford Speedway, a popular regional racetrack attracting over 30,000 visitors annually, the site offers high visibility and established traffic patterns. The property's zoning allows for diverse uses, making it ideally suited for a multi-use cannabis operation, including cultivation, dispensary, and on-site consumption, potentially paired with complementary businesses such as a restaurant, bar, or coffee shop. Ample land and parking accommodate multiple uses and large-scale development. The city of Hartford has approved recreational and medical marijuana use and has available licenses for micro-grow facilities, dispensaries, and on-site consumption, creating a ready-made market for this development. The site's strategic location offers easy access to several nearby cities including Benton Harbor/St. Joseph, Coloma, Watervliet, Niles, South Bend, South Haven, and Stevensville, many of which lack similar facilities. This presents a significant opportunity to capitalize on the growing demand for cannabis-related businesses in a region with limited supply. The property's size and location make it an attractive investment for developers seeking a high-impact project in a thriving market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 42.4 ac (1,846,944 SF)
APN 80-52-256-004-20
UPID US43-2856871

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
  • Car Racing Track

Location

301 Bowie St Hartford, MI 49057
Hartford metro Census 11400 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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
$280k

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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