675 Centreville St, Constantine, MI 49042-1207
This 8,000 square foot industrial building is situated on a 1.84-acre lot in the commercial district of Constantine, Michigan, at 675 Centreville. The property is currently available for $225,000. Its previous use was as a caregiver marijuana grow operation. It's important to note that within the Village of Constantine, only one remaining license is available for this building's use: a MicroGro license. Prospective buyers are strongly encouraged to contact the Village Office at 269-435-2085 to inquire about current permits and licensing opportunities. This presents a unique opportunity for an entrepreneur seeking a strategically located industrial space with potential for a specific, regulated business. The building's size and acreage offer ample room for various industrial applications, subject to obtaining the necessary permits and licenses from the Village of Constantine. The motivated seller makes this an attractive proposition for those seeking a ready-to-develop property in a prime commercial location. Serious inquiries only. All information provided is deemed reliable but not guaranteed and should be independently verified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.