39530 Red Arrow Hwy Paw Paw, MI 49079-9315

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.

Location Insight

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