Priced to Sell: $359,000 – Brand New 4,000 sq ft Insulated Red Iron Building + Permitted Cannabis Grow & Processing Facility on 20+ Private Wooded Acres in Coleman, MI Significant price reduction on this highly versatile property featuring a brand new 4,000 sq ft red iron & new steel workshop-style building with full spray foam insulation on all 3 Perfect for cannabis cultivation/processing, machine shop, warehouse/storage, light commercial use, hobby farm, or private homestead/hunting retreat. Standout Infrastructure & Power: • Brand new 4,000 sq ft red iron & steel building — spray foam insulated for year-round comfort and energy efficiency, ideal as a workshop, machine shop, or flexible commercial space. • Indoor capacity: Approximately 7,500 sq ft total indoor potential across three buildings, including the new red iron structure and two 30’ x 100’ light-deprivation greenhouses (adding ~6,000 sq ft). • Power infrastructure: Excellent independent service throughout — the house has its own dedicated 200-amp service, the greenhouses have their own dedicated 200-amp service, plus ~1,600 amps dedicated to the grow/processing buildings. Easily upgradable for high-power needs like tools, equipment, EVs, or future expansion. • Water supply: Multiple private wells serving the property. • Outdoor setup: 5 fenced and irrigated acres ready for cultivation. • Permits in place: Municipality-approved for (2) Class C Grow and (1) Class C Processing licenses, with established green zone supporting both indoor and outdoor cultivation. On-Site Living & Versatility Comfortable 3-bedroom, 1.5-bath ranch home (~1,560 sq ft) with hardwood floors and a covered porch — ideal for owner/operator, staff housing, or rental income potential ($1,100–$1,600/mo for the residence alone). The dedicated 200-amp service to the house supports comfortable living or additional uses. The facility is not currently in operation, providing a clean slate. The substantial buildings (including the brand new insulated red iron structure) can easily be repurposed for storage, warehouse space, machine shop, light commercial, or other business purposes — not limited to cannabis. Comparable facilities in rural Michigan often lease in the $6,000–$8,500+/month NNN range (depending on tenant and included equipment). Previously appraised by Newmark for cannabis use in December 2024 at $950,000 — excellent value at the new $359,000 asking price. Additional Highlights • 20.02 private wooded acres across five flexible parcels • 56-camera security system • Abundant room to scale operations or repurpose • Substantial new and used equipment/contents available for separate purchase at a substantial discount to the buyer This peaceful, heavily wooded setting offers excellent privacy combined with modern, high-utility buildings and strong, independent infrastructure. Whether you’re a serious cannabis operator, workshop enthusiast, investor, or someone seeking acreage with versatile outbuildings, this property delivers real flexibility and upside. Proof of funds or pre-approval required prior to showings. No land contracts. Crypto accepted as form of payment.