6745 Oak Rd, Vassar, MI 48768-9115
This exceptional 12,000-square-foot warehouse, built in 2024, presents a unique investment opportunity in Vassar, Michigan. Located on a 3.12-acre lot, this single-story Class B building boasts a 12-foot ceiling height and ample parking (50 spaces). The property is zoned for cannabis cultivation and features a comprehensive setup, including nine 25x25x12-foot flower rooms, two 25x25x12-foot vegetative rooms, a 17x25x12-foot drying room, and a 7x25x12-foot cloning room. The facility is equipped with robust electrical infrastructure (1600 amps, 480v, 3-phase power) and climate control (24 Bryan 5-ton AC units), supporting nearly 190 grow lights (a mix of LED and double-ended high-pressure sodium). Currently vacant, this turnkey operation is ideally suited for a Class C recreational cultivation license and offers significant expansion potential within a cannabis-friendly community. The property's strategic location, just east of I-75 and north of I-69, provides convenient access to major transportation routes. The asking price is $2,200,000, translating to $158.33 per square foot. The property has a Certificate of Occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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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.