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About the Listing 106973 - 698189
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.
Listing Highlights for 162 Heritage
Status
Active
Days on Site
48
Property Type
Commercial Sale
MLS ®
50188625
Year Built
0
Total Square Footage
1,721
Lot/Acreage
1.61
County
Marquette
Area
Negaunee Twp (52020)
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1721
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 432x121x432x200
- Zoning: Commercial
- Roof: Shingles
- Others: Deck/Patio
- Sewer: Public Sanitary
- Parking Features: 21+ Spaces
Financial Details
- Tax Amount: $8,071
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
162 Heritage Negaunee, MI 49866
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