Property summary
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
VerifiedCap rate & NOI
Current use
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Car Racing Track
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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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