39530 Red Arrow Hwy Paw Paw, MI 49079-9315
Property profile & analytics
39530 Red Arrow Hwy Paw Paw, MI 49079-9315
- Retail space
- 13,144 SF
- 7.28 lot acres
Property ID
US43-2385162
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- White Flower Cannabis Co. / (Bike/Boat/Book/etc) Store
Property Details for 39530 Red Arrow Hwy
- Year built
- 1995
- Lot size
- 7.28 lot acres
- Property size
- 13,144 SF
- Zone code
- MULTI
- Property type
- Retail space
- APN
- 80-14-015-027-01
- APU
- 801401502701
Description
This turnkey, vertically integrated cannabis operation in Paw Paw, Michigan, presents a rare investment opportunity. Located just 30 miles from the Indiana border, this 7.51-acre property includes a fully operational dispensary (2,100 sq ft), a processing center (6,650 sq ft) with a recently purchased $1 million processing machine, and two 3,200 sq ft all-season greenhouses for cultivation. The total square footage is 16,350 sq ft across four buildings. The business boasts impressive financials: 2023 revenue totaled $14.2 million with a $2.6 million gross profit and approximately $900,000 after-tax income. 2024 (through Q3) shows $6.6 million in revenue and $990,000 in gross profit. The property is zoned commercial and offered as a fee simple absolute ownership. The asking price is $4,999,000, representing a current cap rate of 18% and a pro-forma cap rate of 34.01%. The current NOI is $900,000, with a pro-forma NOI of $1,700,000. The business also serves as the exclusive white-label producer for the JuJu Royal Brand. Seller financing may be available for qualified buyers. This is a first-come, first-served opportunity requiring proof of funds or a significant company profile for consideration. The property was renovated in 2020.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,146,000
- AI Estimate
- $1,146,000
Market price range: $566k - $2.19MMarket price range: $566k - $2.19M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,215,000 Current use
- COMMERCIAL (GENERAL)
- $1,230,000 Change: +1% Conversion: Easy
- RESTAURANT
- $1,215,000 Change: -0% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Paw Paw
- County
- Van Buren
- State
- Michigan
- Longitude
- -85.9325
- Latitude
- 42.2137
- CBSA code
- 28020
- CBSA name
- KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$11,226
$0.00
$0.00
$354,400
-
$0.00
$0.00
$708,800
