Property profile

490 Ortonville Rd Ortonville, MI 48462

OFF-MARKET
Warehouses
Property ID
US43-1228165
3,712 SF 1.04 ac lot Built 1989
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 3,712 square foot freestanding storefront building in Brandon Township, Michigan, is available for $995,000 ($268.05/sq ft). Currently vacant, this property offers a unique opportunity for a cannabis provisioning center, with the license included in the sale price. The building boasts excellent visibility and accessibility, situated at a high-traffic intersection with over 20,000 vehicles passing daily, ensuring significant brand exposure. Ample parking is available, with the potential for 20+ spaces. The location benefits from strong synergy with established national tenants such as Dollar Tree, Rite Aid, Verizon Wireless, Ford, Citgo, Jets Pizza, and Pet Supplies Plus. Municipal approval for adult-use cannabis provisioning is already in place, making this a turnkey operation in a highly competitive market with only two approved licenses. The property features pylon signage for enhanced visibility. This is a rare opportunity to acquire a fully licensed and permitted cannabis retail space in a prime location with exceptional traffic counts and strong surrounding retail presence. The address is 490 S Ortonville Rd, Brandon Twp, MI 48462.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1989
Total area 3,712 SF
Lot 1.04 ac (45,302 SF)
Zoning code AI
APN DO-03-18-152-005
UPID US43-1228165

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

490 Ortonville Rd Ortonville, MI 48462-8871
Ortonville metro Census 122900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$155k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2020
Price N/A
2016
$127,000
2016
Price N/A
2015
$123,000
2013
$95,000
1969
Price N/A

Zoning & alternative use

AI · Ortonville, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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