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919 Michigan St 6,300 SF Industrial Building Niles, MI 49120 $485,975 CAD ($77.14 CAD/SF)
INVESTMENT HIGHLIGHTS
- Location: Less than 10 minutes from the Michigan/Indiana border. Strong cross-border demand
- Eligible for conversion to Adult-Use Retail License w/ Class A or Class B Cultivation License
- Lease Terms: $5,750/month GROSS - Real Estate is sold SEPARATELY - price negotiable. Total building 11,488sf
- Eligible for conversion to Adult-Use Retail License w/ Class A or Class B Cultivation License
- Turnkey setup – infrastructure and equipment in place for immediate use
EXECUTIVE SUMMARY
Seize this rare opportunity to acquire a fully turn-key retail and cultivation facility located less than 10 minutes from the Michigan/Indiana border—an area primed for growth with cannabis still illegal in Indiana. Currently licensed as a microbusiness, this facility is situated in the City of Niles, which permits conversion to an Adult-Use Retail License combined with a Class A or Class B cultivation license—offering significant potential for the new owners. The property comes fully equipped with all the infrastructure needed to quickly begin operations, streamlining your path to revenue. With both retail dispensary and cultivation capabilities already in place, this is a rare chance to establish a strong foothold in a high-demand border market. Lease Terms: $5,750/month Gross for 6,300 SF of space.
Real Estate: Not included in the sale price, however, the buyer has the option to purchase the real estate under the existing lease agreement - price is negotiable with total property size of 11,488sf on 0.75 acre lot. Don’t miss your chance to capitalize on this turnkey solution in one of Michigan’s most strategic cannabis locations.
Real Estate: Not included in the sale price, however, the buyer has the option to purchase the real estate under the existing lease agreement - price is negotiable with total property size of 11,488sf on 0.75 acre lot. Don’t miss your chance to capitalize on this turnkey solution in one of Michigan’s most strategic cannabis locations.
PROPERTY FACTS
| Price | $485,975 CAD | Lot Size | 0.74 AC |
| Price Per SF | $77.14 CAD | Rentable Building Area | 6,300 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1957/2021 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | ||
| Zoning | RC - Regional Center District | ||
| Price | $485,975 CAD |
| Price Per SF | $77.14 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.74 AC |
| Rentable Building Area | 6,300 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2021 |
| Tenancy | Single |
| Zoning | RC - Regional Center District |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- On Sight Armory - Firearms
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| On Sight Armory - Firearms | Retailer | - | - | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 11-73-2730-0048-03-0 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $170,775 CAD |
PROPERTY TAXES
Parcel Number
11-73-2730-0048-03-0
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$170,775 CAD
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