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Michigan Torch Lake Operating Retail Cannabis 7957 E State St 2,640 SF Retail Building Central Lake, MI 49622 $950,000 ($359.85/SF)
Investment Highlights
- Established adult-use cannabis dispensary with proven operational setup.
- Located within the Torch Lake tourism corridor near Traverse City and Petoskey.
- Positioned in a region with minimal cannabis retail competition and strong seasonal demand.
- Mixed-use design with adaptable upper-level space for residential or office use.
- Turnkey infrastructure including compliance systems and dedicated parking.
Executive Summary
Established adult-use cannabis retailer and mixed-use commercial property located in Central Lake within Northern Michigan’s Torch Lake tourism corridor.
The approximately 3,000 SF property features an operating dispensary on the main level with finished upper-level residential or office space, established retail infrastructure, security/compliance systems, and dedicated parking.
Investment highlights include a tourism-driven consumer market supported by strong seasonal traffic and outdoor recreation, limited regional cannabis competition, strategic proximity to Torch Lake, Traverse City, Petoskey, Charlevoix, and Bellaire, and a turnkey operational setup with existing buildout and established market presence already in place. Ideal opportunity for an owner-operator or investor seeking Northern Michigan cannabis market entry or expansion.
The approximately 3,000 SF property features an operating dispensary on the main level with finished upper-level residential or office space, established retail infrastructure, security/compliance systems, and dedicated parking.
Investment highlights include a tourism-driven consumer market supported by strong seasonal traffic and outdoor recreation, limited regional cannabis competition, strategic proximity to Torch Lake, Traverse City, Petoskey, Charlevoix, and Bellaire, and a turnkey operational setup with existing buildout and established market presence already in place. Ideal opportunity for an owner-operator or investor seeking Northern Michigan cannabis market entry or expansion.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,640 SF
Building Class
C
Year Built/Renovated
1900/2021
Price
$950,000
Price Per SF
$359.85
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.23 AC
Zoning
Mixed Use
Parking
10 Spaces (3.79 Spaces per 1,000 SF Leased)
Frontage
36’ on East State Street
Amenities
- Corner Lot
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 05-42-010-065-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $98,700 |
Property Taxes
Parcel Number
05-42-010-065-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$98,700
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Presented by
Schultz Realty
Michigan Torch Lake Operating Retail Cannabis | 7957 E State St
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