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    Property profile & analytics
    OFF-MARKET Estimated value $960,000
    Retail space

    850 Glaspie St, Oxford, MI 48371-5138

    9,389 SF 1.56 ac lot Built 1974
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0272042
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1974
    Total area 9,389 SF
    Lot 1.56 ac (67,954 SF)
    Zoning code II
    APN PO-04-26-376-021
    UPID US43-0272042
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • MalwareBuster (Bike/Boat/Book/etc) Store Corporate Office
    • Affiliated Builders Construction Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $986k
    Blend (final) Blend
    $960k
    Owner & transaction history
    Mav 4 LLC · 1 yrs held
    Mav 4 LLC
    since 2024
    Last sale
    $1.0M
    3 recorded transactions
    2024
    $1.0M
    2022
    2022
    $1.5M
    Zoning & alternative use
    II · Oxford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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