5840-5852 Hubbard Ave - Warehouse FOR SALE


Garden City, MI 48135
$1,900,000 USD
248-752-1276
5840-5852 Hubbard Ave, Garden City, MI for Sale
$1,900,000 USD
Warehouse - FOR SALE
1/9
null | Request Cap Rate

5840-5852 Hubbard Ave
Garden City, MI 48135


HIGHLIGHTS

  • Municipal approved vertical cannabis opportunity available for sale—license and real estate included.
  • This freestanding property is zoned M-1 Light Industrial and is suitable for a wide variety of industrial uses.
  • Constructed in 1976, this building features 18'9" to 19'9" ceilings and thirty-nine (39) parking spaces.
  • One (1) acre of this property is undeveloped and can be used for additional parking, storage, or future expansion.
  • Approved construction drawings are included in the sale.

OVERVIEW

Positioned within a dense and well-established Garden City neighborhood, 5848 Hubbard Street represents a rare municipal-approved vertical cannabis opportunity tailored for operators seeking a strategically entitled, industrial-zoned asset with built-in scalability. Surrounded by a strong residential base and national retailers along the nearby Ford Road corridor, the property benefits from exceptional local demand drivers and a traffic count exceeding 39,000 vehicles per day just blocks away. This freestanding structure, constructed in 1976 and situated on two acres, offers a versatile configuration that supports a wide range of industrial applications while accommodating cannabis production, processing, or vertically integrated operations. The property’s high ceilings and expansive interior volume create operational efficiency, while its large on-site parking capacity, including an additional one-acre area suitable for expansion, staging, or further redevelopment, gives owners significant optionality. The building is positioned within an M-1 Light Industrial zone, ensuring compatibility with various industrial and cannabis-related uses. All municipal zoning, drawings, and approvals required for vertical cannabis operations are already included in the sale, streamlining the path to activation and reducing entitlement friction. With seller financing available, this offering becomes accessible to both established operators and well-capitalized newcomers seeking to secure a permitted foothold in a competitive market. The property’s location, just minutes from key regional thoroughfares, enhances distribution capabilities while supporting workforce accessibility. Survey, site plan, and floor plan materials are included to assist buyers evaluating layout efficiencies, future visioning, or redevelopment planning. This asset stands as a compelling blend of location, entitlement, and flexibility. Whether deployed as a turnkey cannabis facility or repositioned for broader industrial use, 5848 Hubbard Street delivers strong fundamentals, ready entitlements, and meaningful expansion potential within a high-visibility Garden City setting

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

7

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2

LAND SF

87,120

ZONING

I-1

APN/PARCEL ID

35-004-99-0016-000

ASK ABOUT THIS PROPERTY

Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

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Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

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