815 N Huron St - Storefront FOR SALE


Ypsilanti, MI 48197- Downtown Ypsilanti
$1,695,000 USD
734-732-3789
815 N Huron St, Ypsilanti, MI for Sale
$1,695,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

815 N Huron St
Ypsilanti, MI 48197
Downtown Ypsilanti


HIGHLIGHTS

  • ~5,000 Sq/ft turnkey dispensary (w/ extra space)
  • $300k/mo. sales, with 50%+ gross margins
  • 25+ Parking spaces
  • Includes the real estate
  • $1.99m w/ seller financing options available

OVERVIEW

Here is your rare chance to take over this operating and profitable dispensary in the heart of Eastern Michigan University's campus/dorm district. This location is less than 500 ft away from Eastern Michigan's main dorm site making it the closest dispensary to the major university. Not only is this site perfectly primed for foot traffic, it's situated on one of the area's most trafficked road. This ~5,000 Sq/ft site was previously operating as a Microbusiness, however, it's recently been granted a full recreational dispensary license in early 2025. The facility currently has about 2,500 Sq/ft of vacant space that can be used for expansion or rented out for small suites. The site is averaging a healthy $300k/mo in net revenue on a staggering 50%+ gross profit margin. With over 25+ parking spaces and healthy margins, this site has plenty of room for growth. The Seller is an out of state owner, so the ideal scenario is a cash out however, for qualified purchasers they would be open to seller financing. This store is currently operating so please do not discuss any sale with any employees and do not stop by without scheduling a visit.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Operating and Profitable Ypsilanti Dispensary

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Larry GotcherResource Realty GroupMore Info
734-732-3789

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Larry GotcherResource Realty GroupMore Info
734-732-3789

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