302 Cedar St, Kalkaska, MI 49646-5115
This exceptional investment opportunity presents a fully operational, licensed adult-use cannabis provisioning center and consumption lounge in Kalkaska, Michigan. Located at 302 S Cedar St, this 9,000 square foot historical brick building boasts a prime corner lot in the downtown area. The first floor, meticulously renovated to meet current standards, houses a 2,575 square foot provisioning center and a 2,770 square foot consumption lounge, both equipped with a specialized air filtration system. The property also includes a dry basement, ideal for additional storage, offering significant operational advantages. The asking price is $650,000, translating to $72.22 per square foot. A significant feature is the inclusion of existing operating licenses, making this a truly turnkey operation. The second floor, comprising 4,500 square feet of vacant space, presents a substantial opportunity for future expansion or development, allowing for increased revenue streams or alternative uses. This property offers a unique blend of established business and significant growth potential in a thriving market. The property is situated in Kalkaska County, Michigan, zip code 49646.
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Kalkushka Lounge Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.