314 Arlington St - Retail FOR SALE


Middleville, MI 49333
$1,700,000 USD
616-437-1147
314 Arlington St, Middleville, MI for Sale
$1,700,000 USD
Retail - FOR SALE
1/7
null | 5.19% Cap Rate

314 Arlington St
Middleville, MI 49333


OVERVIEW

Prime Commercial Investment Opportunity and Cannabis Dispensary in the Village of Middleville Seize the chance to invest in a premium commercial property and business located in the thriving Village of Middleville. This standout investment features a strong single tenant committed to staying in place under an absolute net lease, ensuring minimal landlord responsibilities and a stable income stream. Property Highlights: Tenant: Reliable, long-term single tenant providing security and steady returns. Turn-key Business included in sale. Lease Structure: Absolute Net Lease – the tenant covers all property expenses, offering true passive income. Annual Rent Increases: Built-in rent escalations ensure growing returns over the life of the lease. Property Condition: Completely remodeled in 2022 into a high-end retail space, the building boasts modern finishes and excellent curb appeal. This is a rare opportunity to own a fully remodeled commercial property and strong business in place, offering both security and growth potential. Positioned in the charming and growing community of Middleville, this investment is poised for long-term success. Middleville is capped with two licenses in the municipality.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$1,032 USD /SF

CAP RATE

5.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crafted Leaf Dispensary and Building

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,111 SF

ZONING

Retail - Cannabis

APN/PARCEL ID

41-044-002-00

ASK ABOUT THIS PROPERTY

Brice BossardetUrban Space of Grand Rapids, LLCMore Info
616-437-1147

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Brice BossardetUrban Space of Grand Rapids, LLCMore Info
616-437-1147

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