Nearly Turnkey Outdoor and Indoor Cannabis Gr 1711 Banner Rd 6,500 SF Industrial Building Saginaw, MI 48601 $499,000 ($76.77/SF)

Here is your chance to purchase this nearly turnkey outdoor grow (16 acres) and the great bones of an indoor grow (6500) sq/ft. The outdoor grow has operated in the past and has utilized approximately 11 of the 16 acres. The previous tenants were able to fit anywhere between 6000-8000 total plants. It was a fully state licensed grow so it is fenced in and under surveillance.
The Indoor grow is ~6500 Sq/ft and has great bones. While the grow never operated it won't take too much vision to get that up and running as well. The interior will need some clean up and key pieces of equipment (lights and dehumidifiers). The previous tenant was using the interior to dry most of their outdoor crop. This property offers a rare opportunity to be able to grow mass quantities of outdoor cannabis as well as high quality indoor cannabis.
The land needs to add a new septic field which will cost the new owner approximately $75,000. The local municipality is willing to work with the new owner on when the new septic field needs to be completed, and it does not appear that it will hold up their ability to have a crop this season.
With the recent news that medical cannabis facilities are officially rescheduled and recreational facilities are scheduled to be rescheduled this June will finally eliminate the onerous 280E tax. The owner of the real estate is flexible on the terms of the sale. They are open to selling the property (cash or seller financing), or leasing the property on a long term lease for the right tenant. The purchase price is $499,000.00.
If you have any questions regarding the property or want to tour the facility please get ahold of Elijah Simkins via email: Elijah@mcpbrokerage.com or phone: (313) 354-6884