21736 Bedford Rd N - Specialty FOR SALE


Battle Creek, MI 49017
$3,900,000 USD
219-200-5133
21736 Bedford Rd N, Battle Creek, MI for Sale
$3,900,000 USD
Specialty - FOR SALE
1/55
null | 6.1% Cap Rate

21736 Bedford Rd N
Battle Creek, MI 49017


HIGHLIGHTS

  • Three parcels conveying together — ±101 verified acres plus two additional parcels
  • Licensed Class C outdoor grow — fenced, developed and irrigated field
  • 43,448 SF across two warehouses — residences included in the sale
  • $38,614/acre — below the $45K–$100K developed outdoor grow benchmark

OVERVIEW

Paisley Trees Farm - a licensed Class C adult-use outdoor cannabis cultivation property in Bedford Township, Calhoun County, assembled across three parcels: 21736 and 21678 Bedford Rd N plus 154 Wells Dr, conveying together as one farm. Approximately 101 verified acres at 21736 alone, with the additional two parcels included. The grow field is fenced, developed and irrigated, and improvements total 43,448 SF across two warehouses - a 2021-built 8,448 SF building and a 35,000 SF cultivation and processing building. Residential dwellings on site also convey with the sale, providing housing for ownership, management or seasonal labor. Frontage on N Bedford Rd (M-37). Zoned AA AGR with cannabis permitted through the township overlay. CRA Class C Grower license AU-G-C-000871 and Establishment license AU-ER-002775. License transfer is subject to Michigan CRA approval. Offered at $3,900,000 - $38,614 per acre on the verified 101 acres before the two additional parcels are counted, below the $45,000-$100,000 per acre benchmark for developed, fenced and irrigated outdoor grows. Outdoor cultivation carries the lowest production cost in Michigan at roughly $150-$300 per pound versus $600-$900 indoor. At this scale the property is three to thirteen times the acreage of every comparable in the area. An operating agreement is in place and the current operator can continue running the farm after closing; the agreement is assignable to a successor owner. Contract income, remaining term and operating structure are subject to a confidentiality covenant and are available to qualified purchasers upon execution of a confidentiality agreement, along with seller financial statements, operating expense detail, the itemized equipment and inventory schedule, the full CRA license schedule and combined parcel acreage. No capitalization rate is represented for this property. 2025 property taxes on 21736 were $25,432. Full Offering Memorandum available. Contact Jeremy Slowinski, Industrial Market Director, at 708-670-2032 or Lane Moser, Senior Broker, at 260-615-9248.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Paisley Trees Farm

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

94 AC

LAND SF

4,094,640 SF

ZONING

AA AGR

APN/PARCEL ID

04-015-007-00,04-015-007-01

ASK ABOUT THIS PROPERTY

Jeremy SlowinskiEllsbury Commercial GroupMore Info
219-200-5133

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Jeremy SlowinskiEllsbury Commercial GroupMore Info
219-200-5133

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