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1298 Arbogast Rd 21 400 pi² Industriel Immeuble Union City, MI 49094 2 648 752 $ CAD (123,77 $ CAD/pi²) 12,96% Taux de capitalisation
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Faits saillants de l'investissement
- 8 Class C cultivation licenses in place — 7 Medical + 1 Adult Use
- ±17,000 SF drying and post-harvest processing space — equipment owned lien-free
- ±20 of ±23 acres in active outdoor cultivation — operator can stay on post-sale
- Up to $700,000 in product inventory negotiable, separate from the real estate
Résumé de l'annonce
Turnkey licensed cannabis cultivation farm on approximately 23 acres in Union City, Branch County, with roughly 20 acres in active outdoor cultivation. Improvements total approximately 21,400 SF across three enclosed buildings, including roughly 17,000 SF of warehouse dedicated to drying and post-harvest processing (trimming and sorting), plus a two-story wing built out as office, kitchen, storage and conference space. A 5,000 SF detached barn built in 2009 is leased to a biomass storage tenant, and two utility barns support equipment and shop use.
The site holds eight Class C cultivation licenses - seven Medical and one Adult Use - and the operation is running today. Three licenses are renewed through August 2027. Prior processor licenses were voluntarily closed and the Seller reports the site can readily be re-approved. Union City's Marihuana Zoning Ordinance permits growers, processors, safety compliance facilities and secure transporters by special use permit.
Offered at $1,900,000 - $88.79/SF on the buildings and $82,609 per acre, below the $100-$180/SF range that turnkey Michigan grows command. The 13% return shown is calculated on $246,237 of 2025 seller-reported operating NOI divided by the asking price; it reflects the results of the operating business rather than a stabilized real estate net operating income. In-place rental income of approximately $80,000 per year comes from the detached barn tenant.
All on-site equipment is owned free of liens. Up to $700,000 of product inventory is negotiable and can convey separately from the real estate, subject to closing timing and CRA approval. The current owner is prepared to continue running operations after the sale, so a buyer can retain the operator or take over as an owner-user.
License transfer is subject to Michigan CRA approval. Financial statements, operating expense detail, insurance, the itemized equipment schedule, well capacity documentation and lease documentation are available to qualified purchasers upon execution of a confidentiality agreement. Full Offering Memorandum attached.
Contact Jeremy Slowinski, Industrial Market Director, at 708-670-2032 or Lane Moser, Senior Broker, at 260-615-9248.
The site holds eight Class C cultivation licenses - seven Medical and one Adult Use - and the operation is running today. Three licenses are renewed through August 2027. Prior processor licenses were voluntarily closed and the Seller reports the site can readily be re-approved. Union City's Marihuana Zoning Ordinance permits growers, processors, safety compliance facilities and secure transporters by special use permit.
Offered at $1,900,000 - $88.79/SF on the buildings and $82,609 per acre, below the $100-$180/SF range that turnkey Michigan grows command. The 13% return shown is calculated on $246,237 of 2025 seller-reported operating NOI divided by the asking price; it reflects the results of the operating business rather than a stabilized real estate net operating income. In-place rental income of approximately $80,000 per year comes from the detached barn tenant.
All on-site equipment is owned free of liens. Up to $700,000 of product inventory is negotiable and can convey separately from the real estate, subject to closing timing and CRA approval. The current owner is prepared to continue running operations after the sale, so a buyer can retain the operator or take over as an owner-user.
License transfer is subject to Michigan CRA approval. Financial statements, operating expense detail, insurance, the itemized equipment schedule, well capacity documentation and lease documentation are available to qualified purchasers upon execution of a confidentiality agreement. Full Offering Memorandum attached.
Contact Jeremy Slowinski, Industrial Market Director, at 708-670-2032 or Lane Moser, Senior Broker, at 260-615-9248.
Faits sur la propriété
| Prix | 2 648 752 $ CAD | Aire du bâtiment louable | 21 400 pi² |
| Prix par pi² | 123,77 $ CAD | Nombre d’étages | 2 |
| Type de vente | Investissement ou propriétaire utilisateur | Année de construction | 2005 |
| Taux de capitalisation | 12,96% | Location | Unique |
| Type de propriété | Industriel | Ratio de stationnement | 4,81/1 000 pi² |
| Sous-type de propriété | Centre de distribution | Effacer hauteur du plafond | 16’ |
| Classe d’immeuble | C | Nbre de quais à portes élevées/de chargement | 1 |
| Taille du lot | 16,76 AC | Nbre d’entrées dans les portes/au niveau du sol | 3 |
| Zonage | I-1 - Industrielles | ||
| Prix | 2 648 752 $ CAD |
| Prix par pi² | 123,77 $ CAD |
| Type de vente | Investissement ou propriétaire utilisateur |
| Taux de capitalisation | 12,96% |
| Type de propriété | Industriel |
| Sous-type de propriété | Centre de distribution |
| Classe d’immeuble | C |
| Taille du lot | 16,76 AC |
| Aire du bâtiment louable | 21 400 pi² |
| Nombre d’étages | 2 |
| Année de construction | 2005 |
| Location | Unique |
| Ratio de stationnement | 4,81/1 000 pi² |
| Effacer hauteur du plafond | 16’ |
| Nbre de quais à portes élevées/de chargement | 1 |
| Nbre d’entrées dans les portes/au niveau du sol | 3 |
| Zonage | I-1 - Industrielles |
Services publics
- Éclairage
- Gaz - Naturel
- Eau - Puits
- Égout - Champ septique
- Chauffage
1 1
Inaccessible à pied
10/100
Exceptionnellement adapté aux voitures
100/100
Relativement accessible en vélo
20/100
Impôts fonciers
| Numéro de lot | 021-006-200-005-04 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 586 003 $ CAD |
Impôts fonciers
Numéro de lot
021-006-200-005-04
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
586 003 $ CAD
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1298 Arbogast Rd
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