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    Property profile & analytics
    OFF-MARKET Estimated value $525,000
    Commercial real estate

    302 Cedar St, Kalkaska, MI 49646-5115

    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-3062955
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 041-727-011-00
    UPID US43-3062955
    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
    • Kalkushka Lounge Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $525k
    Owner & transaction history
    Cramer Holdings LLC · 1 yrs held
    Cramer Holdings LLC
    since 2025
    Last sale
    $525,000
    3 recorded transactions
    2025
    $525,000
    2014
    $155,000
    2014
    $165,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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