850 Glaspie St, Oxford, MI 48371-5138
This exceptional turnkey cannabis provisioning center in Oxford, Michigan, presents a unique investment opportunity. Located at 850 S Glaspie St, this 8,096 square foot freestanding building, built in 1977, sits on a 0.78-acre lot and boasts 31 parking spaces. The property is fully built-out and ready for immediate operation, requiring only branding and inventory. Included in the sale or lease is the existing municipal-approved adult-use license. An additional 4,637 square feet of space is available for cannabis-related or general industrial use. The building is situated in an I-1 zoned industrial district, offering excellent visibility on M-24 (Lapeer Road), a major thoroughfare with over 30,552 vehicles daily. This prime location benefits from strong demographics and proximity to national retailers, ensuring high traffic and brand exposure. The asking price is $1,999,999, with a price per square foot of $247.04. The lease type is NNN (Net, Net, Net). This is an owner/user investment opportunity not to be missed. The property offers a strong synergy within the marketplace, surrounded by a dense residential population.
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MalwareBuster (Bike/Boat/Book/etc) Store Corporate Office
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Affiliated Builders Construction Company
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
II · Oxford, MIOxford. 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.