For Sale
$1,700,000

0001 Morenci, MI 49256

High-revenue, established cannabis cultivation business.

Overview

Added:
Dec 11, 2024
Days on market:
131
This turnkey marijuana cultivation operation in Morenci, Michigan, presents a lucrative investment opportunity. The business occupies a 12,000-square-foot leased facility featuring eight growing rooms. Currently generating $1.3 million to $1.6 million in annual revenue with a net cash flow of $500,000, this established operation boasts a strong track record. Monthly rent is $20,000. The business employs ten individuals, indicating a well-structured and efficient operation. Financial details, including EBITDA, FF&E, and inventory, are not currently available. The asking price for this profitable venture is $1,700,000. The lease expiration date is not specified. This is a rare chance to acquire a fully operational and profitable cannabis cultivation business with significant growth potential. Located in Morenci, Lenawee County, Michigan (zip code 49256), this property offers a strategic location within the state's thriving cannabis industry. Serious inquiries only. Further details are available upon request.

Highlights

  • $1,700,000 Asking Price
  • $500,000 Cash Flow and $1,500,000 Gross Revenue
  • 11,000 SF facility with 8 grow rooms in Morenci, MI
  • $20,000 monthly lease payment
  • Established marijuana grow operation with 10 employees.

Property Details for 0 0001

Property type
Commercial real estate

Location Insight

City
Morenci
County
Lenawee
State
Michigan
Latitude
41.7193747
Longitude
-84.2178842

FAQs

What type of property is this?
Commercial real estate - High-revenue, established cannabis cultivation business.
Where is the commercial real estate located?
The property is located at 0001 Morenci, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: $1,700,000 Asking Price; $500,000 Cash Flow and $1,500,000 Gross Revenue; 11,000 SF facility with 8 grow rooms in Morenci, MI
How can I contact the broker?
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