700 Main St, Chesaning, MI 48616-9401
This exceptional turnkey cannabis operation in Chesaning, Michigan, presents a unique investment opportunity. The property encompasses 3.78 acres and includes three brand-new buildings totaling 10,008 square feet, constructed in 2021. The facility is currently 100% occupied and features a fully equipped processing facility and outdoor cultivation area. The processing equipment includes a C1D2 Booth (Ethanol Falling Film), Chemtek 2-step KDT 6 Short Path Distillation Machine, Pure Pressure Bruteless Stainless Hash Washer (30 gallon), and a Decarb Oven. The property also boasts a new 2-car garage and security house. The outdoor cultivation area, spanning approximately 2 acres, has the capacity for up to 2,000 plants. Included in the sale are one Adult-Use Processing license and one Adult-Use Class C Cultivation license. The property is located at 700 N Main St, Chesaning, MI 48616, in Saginaw County. Employment retention is a possibility for a new owner, requiring only rebranding and new inventory to maintain operations. This is a rare opportunity to acquire an established and profitable cannabis business with significant growth potential. The asking price is $1,950,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
A-1 · Chesaning, MIChesaning. Always verify with local authorities before improvements.
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.