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402-408 Oak Street 402-408 Oak St

10,914 SF Industrial Building Buchanan, MI 49107 $1,295,000 ($119/SF)

Investment Highlights

  • 3-Building Approved Cannabis Grow Facility Available for Further Development

Executive Summary

Excellent redevelopment and investment opportunity! This 3-building approved cannabis grow facility is in Buchanan, MI. Redevelopment
of these buildings has begun but they are looking for a new owner to finish the development and make it their own. The largest of the
three buildings, the grow facility is 6,206 SF and is approximately 90% completed, the second proposed grow facility is 2,068 SF and is 50% completed, and the third building is intended for storage and is 2,640 SF. The original plan called for two separate entrances and a community garden with plenty of parking and paths. For a list of available equipment, please contact the Broker for details.
This property is located on S. Oak Street in Buchanan, MI between W. Alexander and W Smith Streets. The property has two entrances, one on Oak St. and one on Smith St. It is in an excellent location, just a five minute walk from the popular Front St. in downtown Buchanan where there are shops and eateries and 2.5 miles from busy US 12 and US 31.

Property Facts

Price $1,295,000
Price Per SF $119
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • Industrial Warehouse
Building Class B
Rentable Building Area 10,914 SF
No. Stories 1
Year Built/Renovated 1920/2023
Tenancy Single

Utilities

  • Lighting
  • Water
  • Sewer
  • Heating

zoning

Zoning Code Industrial
Industrial
  • Listing ID: 31610127

  • Date on Market: 4/25/2024

  • Last Updated:

  • Address: 402-408 Oak St, Buchanan, MI 49107

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