MI > Negaunee > Mi
Negaunee, MI 49866,162 Heritage Drive
Negaunee, MI 49866,162 Heritage Drive
Negaunee, MI 49866,162 Heritage Drive
Negaunee, MI 49866,162 Heritage Drive
Negaunee, MI 49866,162 Heritage Drive
Negaunee, MI 49866,162 Heritage Drive
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David Godin

David Godin

+1(586) 416-0600
$ 756,500
Est. payment | /mo

1,721 SqFt

Save
$ 756,500
Est. payment | /mo
Save

1,721 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 1,721 sqft

Price per Sqft $439

Subdivision Mi

MLS Listing ID 50188625

Annual Tax Amount $8,071

Tax Year 2024

Lot Size 1.610 Acres

Acres 1.61

Lot Dimensions 432x121x432x200

Property Sub-Type Commercial/Industrial

Property Description

Excellent investment opportunity in Negaunee, Michigan. This fully renovated commercial property delivers a secure 9% CAP rate with The Fire Station Cannabis Co. as the long term tenant under an absolute NNN lease. Founded in 2019 as the first recreational dispensary in Michigan's Upper Peninsula, The Fire Station has expanded to 10 operating locations with additional stores in development, including its first in Lower Michigan. Locally owned and family operated, The Fire Station has built an outstanding reputation for premium service and consistent growth. The building totals 1,721 square feet and sits on 1.61 acres. The Fire Station is offering 2% annual rent increases and zero landlord responsibilities, ensuring predictable, hands-off income. With a negotiable lease term and highly visible location on US 41, this property combines stability, strong tenancy, and long-term growth potential. An ideal opportunity for investors seeking a reliable asset or completing a 1031 exchange. Please note: The Fire Station Cannabis Co. is not for sale and will continue to operate as the tenant in the event of a building sale.

Location

State MI

County Marquette

Area Negaunee Twp (52020)

Zoning Commercial

Interior

Heating Forced Air

Cooling Central A/C

Exterior

Parking Features 21+ Spaces

Roof Type Shingles

Building

Foundation Basement, Crawl

Water Public Water

Structure Type Vinyl Siding

Others

Ownership LLC

SqFt Source Plans

Energy Description Natural Gas

Financing Cash,Commercial Loan

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX 1ST REALTY
David Godin

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

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162 Heritage Drive