7957 E State St - Storefront Retail/Residential FOR SALE


Central Lake, MI 49622
$950,000 USD
810-444-9476
7957 E State St, Central Lake, MI for Sale
$950,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | Request Cap Rate

7957 E State St
Central Lake, MI 49622


HIGHLIGHTS

  • Established adult-use cannabis dispensary with proven operational setup.
  • Mixed-use design with adaptable upper-level space for residential or office use.
  • Located within the Torch Lake tourism corridor near Traverse City and Petoskey.
  • Turnkey infrastructure including compliance systems and dedicated parking.
  • Positioned in a region with minimal cannabis retail competition and strong seasonal demand.

OVERVIEW

7957 E State Street offers the opportunity to acquire an established adult-use cannabis retail operation together with a mixed-use commercial property in the heart of Northern Michigan's Torch Lake region. Positioned within a well-traveled tourism corridor, the property benefits from year-round local patronage and significant seasonal visitation driven by the area's lakes, recreational amenities, and destination communities. The approximately 3,000-square-foot building combines an operating dispensary on the main level with finished upper-level space suitable for office, administrative, or residential use. Existing retail improvements, security infrastructure, compliance systems, and dedicated parking provide a turnkey operational environment that allows for continued business activity with minimal additional investment. The mixed-use configuration offers flexibility for ownership, management, or supplemental operational functions within the same property. Located in Central Lake, the property provides convenient access to several of Northern Michigan's most recognized destinations, including Torch Lake, Bellaire, Charlevoix, Petoskey, and Traverse City. This regional positioning supports a broad customer base drawn from both permanent residents and seasonal visitors. The property's established presence within the market and existing operational infrastructure create an opportunity to capitalize on an active retail platform rather than undertaking a new facility buildout. For owner-operators seeking expansion or investors pursuing an operational cannabis asset, 7957 E State Street combines an established retail presence, mixed-use flexibility, and exposure to one of Northern Michigan's most visited recreational regions.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Michigan Torch Lake Operating Retail Cannabis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,976 SF

ZONING

Mixed Use

APN/PARCEL ID

05-42-010-065-00

ASK ABOUT THIS PROPERTY

Anne SchultzSchultz RealtyMore Info
810-444-9476

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Anne SchultzSchultz RealtyMore Info
810-444-9476

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