7215 Westnedge AvePortage, MI 49002

  • Commercial real estate
  • 3,072 SF
For Sale
$3,700,000 View listing

Property Details for 7215 Westnedge Ave

Year built
1976
Lot size
0.56 AC
Property size (Sq ft)
3,072 SF
Zone code
B-3
Property type
Commercial real estate
APN
10-00015-090-O
APU
1000015090O

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$15,764
-
-
$519,800
-
-
-
$1,039,600

FAQs

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