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Executive Summary

Established adult-use cannabis retailer and mixed-use commercial property located in Central Lake within Northern Michigan’s Torch Lake tourism corridor.
The approximately 3,000 SF property features an operating dispensary on the main level with finished upper-level residential or office space, established retail infrastructure, security/compliance systems, and dedicated parking.
Investment highlights include a tourism-driven consumer market supported by strong seasonal traffic and outdoor recreation, limited regional cannabis competition, strategic proximity to Torch Lake, Traverse City, Petoskey, Charlevoix, and Bellaire, and a turnkey operational setup with existing buildout and established market presence already in place. Ideal opportunity for an owner-operator or investor seeking Northern Michigan cannabis market entry or expansion.

Property Facts

Sale Type
Owner User
Property Type
Retail
Building Size
2,640 SF
Year Built/Renovated
1900/2021
Price
$1,309,233 CAD
Price Per SF
$495.92 CAD
Building Height
2 Stories
Zoning
Mixed Use

Amenities

  • Corner Lot
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
  • Listing ID: 40696474

  • Date on Market: 2026-05-28

  • Last Updated:

  • Address: 7957 E State St, Central Lake, MI 49622

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