SOLD: Kalamazoo Microbusiness Vertical License

CannaMLS ID: 3786
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Price: $650,000


Listing Details


Listing Category
Manufacturing
Distribution
Dispensary
Home Delivery

Medical
YES


Price: $650,000

Listing Status: Sold

SOLD: Contact us today to sell your property!

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Be the first adult use vertical operation in all of Kalamazoo! Accepting adult use applications now! Building already licensed for medical!

This existing medical cannabis processing facility is available to purchase for only $650,000 including the value of the real estate! The city of Kalamazoo just opted in for adult use and is accepting applications now. Since this building already has a medical license, we have priority licensing for adult use! The building is zoned and qualified for a microbusiness license which would include cultivation (up to 150 plants), manufacturing, and a retail dispensary! 

Property specifics:

  • 5,952 sq ft mixed-use industrial space
    • Manufacturing building, showroom, and 800 sq ft of offices
  • 8-10ft ceilings throughout
  • 1 loading dock and door
  • Ample parking (10 spaces) with sufficient power
  • Four blocks from I-94, ideal for transport
  • Environmentally compliant

License specifics:

Transaction specifics:

  • Asking $650,000 including the real estate
    • Cash only, no stock 
    • Seller would consider financing with a generous down payment
    • Transaction is for the real estate and municipal medical processing license only, there is no revenue, no equipment, and no TIs have been completed
  • MEP engineering has been designed and approved by the city
  • Municipally licensed for medical manufacturing with phase one complete at the state; seller can transfer LLC with existing phase one approvals to buyer, or buyer can start the approval process themselves with a new entity
  • Seller willing to help with adult use license application, has good relationship with the city

Kalamazoo is the 14th largest city in Michigan and there are over 340,000 residents in the Kalamazoo-Portage metro area.

If interested click "Contact Seller" above for more information!


Listing Details

Listing Status
Sold

Location
Kalamazoo, Michigan 49001

Date Listed For Sale:
6/1/2020

Date Last Updated:
12/7/2020

Property Details

Built out / Turnkey
NO

Pricing Details

Listing Price
$650,000

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