$950,000
Allegan, MI 49010
MLS# 23144083
2275 sqft
1 / 9
Property Description
Here is a rare opportunity to purchase a nicely updated 2-unit commercial building and a well-established existing cannabis dispensary business. Sale includes all business fixtures, furnishings, real estate, and the opportunity to work with an experienced cannabis-business entrepreneur. Current owner will assist with all aspects of the business transfer. The commercial building houses the dispensary (The Green Door Allegan) and a local Chiropractor. The building is nicely updated and conveniently located in the City of Allegan, directly off M-40 and close to the City center. Sale also includes an adjacent vacant lot with frontage on M-40. The dispensary benefits from a fantastic brand, and is very profitable.
Details
Maps
Location & Property Info
County: Allegan
Street #: 500
Street Name: Linn
Suffix: Street
State: MI
Zip Code: 49010
Cross Streets: Maple Street & Thomas Street
Property Sub-Type: Retail/Commercial
Area: Greater Kalamazoo - K
Municipality: Allegan City
Ownership Type: Private Owned
Office/Contract Info
Status: Active
Current Price: $950,000
List Price: $950,000
Auction or For Sale: For Sale
List Price/SqFt: 417.58
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord: 1.5
Trans Coord Type: %
Listing Date: 2023-12-06
Current Bldg Use: Cannabis Dispensary & Dentist Office
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 1.01
Lot Square Footage: 43996
Lot Dimensions: irregular
Year Built: 1968
Road Frontage: 265
Mineral Rights: Unknown
Year Remodeled: 2021
Total # Units: 2
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 2275
Property Use Type: Business
Full Baths: 3
Waterfront: No
School District: Allegan
Tax Info
Tax ID #: 5130509500
Taxable Value: 135300
SEV: 135300
For Tax Year: 2022
Annual Property Tax: 8926
Tax Year: 2023
Non-Conforming Use: No
Zoning: 201 Commercial
Remarks & Misc
Legal: See attached
Directions: From M-89 (Marshall Street and M-40 (Jenner Drive), travel South on M-40 (Jenner Drive) to Maple Street. Turn east on Maple Street to Linn Street. turn South on Linn Street to Address. (building is on the corner of Maple Street and Linn Street).
Waterfront Options
Water Access Y/N: No
Property Features
Property Use: Business
Uses: Professional Service; Professional/Office; Retail; Other
Ownership: LLC
Business Includes: Equipment; Furniture; Real Estate; Other
Construction Type: Frame/Wood
Exterior Material: Wood Siding
Roofing: Composition
Below Grade: Basement; Full
Additional Features: Outdoor Storage; Security System
Tenant Pays All: Electric; Gas; Sewer; Water
Sewer: Public
Water: Public
Utilities Attached: Electric; Natural Gas; Telephone
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved
Purchase Terms Avail: Cash; Conventional; Land Contract; Purchase Money Mtg
Sale Conditions: None
Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate
Listing Agent: Scott Parker
Last Updated: December - 07 - 2023
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