This exceptional 3,500 square foot industrial property, situated on a 0.56-acre lot in Portage, Michigan, presents a unique investment opportunity. Built in 2022, the building is fully operational as a cannabis dispensary and enjoys a premium location within Kalamazoo County, ensuring high visibility and significant foot traffic. The asking price of $3,700,000 includes all existing inventory, representing a turnkey solution for a prospective buyer. The property's recent construction guarantees modern infrastructure and efficient operational systems, minimizing the need for immediate capital expenditures. This is an ideal acquisition for an established cannabis business seeking expansion or a new entrant looking to capitalize on a thriving market. The property's strategic location within a high-demand area offers significant potential for continued growth and profitability. The included inventory provides an immediate revenue stream, accelerating the return on investment. This is a rare opportunity to acquire a fully operational, high-performing business in a prime location, offering immediate returns and significant long-term growth potential. The property's modern design and efficient layout contribute to streamlined operations and enhanced profitability. Serious inquiries only.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$661,341
Hospitality
$605,785
Educational
$504,006
Medical
$521,340
Retail
$784,010
Location Insight
City
Portage
County
Kalamazoo
State
Michigan
Latitude
42.2123
Longitude
-85.5889
CBSA code
28020
CBSA name
KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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