12519 M-140 - Retail FOR SALE


South Haven, MI 49090
$700,000 USD
248-752-1276
12519 M-140, South Haven, MI for Sale
$700,000 USD
Retail - FOR SALE
1/13
null | Request Cap Rate

12519 M-140
South Haven, MI 49090


HIGHLIGHTS

  • Municipal Approved/Turnkey Adult-Use Provisioning Center for sale or for lease — license and real estate included.
  • The site is currently under construction and scheduled for completion in Fall 2025.
  • It will be delivered in turnkey condition, excluding furniture, fixtures, equipment, and security/cameras.
  • Located directly off of the I-196 freeway, it out positions the three (3) other stores in town in the limited market.
  • Great opportunity for operators to take advantage of with the value-add to lease the adjacent space to a synergistic tenant.
  • Opportunity to add income to the property, offering a greater return on investment for new ownership.

OVERVIEW

Located in the scenic lakeside community of South Haven, Michigan, this municipally approved adult-use provisioning center offers a rare turnkey opportunity for cannabis operators seeking immediate market entry. The property includes both the real estate and the cannabis license, with delivery scheduled for Fall 2025 in fully operational condition. Situated just off the I-196 freeway, the site benefits from strong visibility and accessibility, placing it within reach of three major state provisioning zones. The 7,938 SF building sits on 2.28 acres and is surrounded by a dense residential population and a mix of national and regional retailers. The provisioning center itself spans 4,260 SF, with an additional 3,678 SF of vacant space available for expansion or complementary use. This dual-use configuration offers investors the ability to lease the adjacent space to synergistic tenants, enhancing income potential and overall asset value. South Haven is a vibrant Lake Michigan destination near the Indiana and Illinois borders, making it a strategic location for cannabis retail. With household incomes averaging over $74,000 within a 5-mile radius and a population exceeding 11,000, the area presents a compelling demographic profile for cannabis sales. This is a prime opportunity for buyers to secure a foothold in one of Michigan’s most desirable coastal markets.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Haven - Provisioning Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.36 AC

LAND SF

233,482 SF

ZONING

C-1

APN/PARCEL ID

80-17-022-029-00

ASK ABOUT THIS PROPERTY

Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.