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0 Undisclosed Address

Oakland, MI 48320
  • $4,500,000
  • STATUS: Active
  • ON SITE: 204 Days
  • MLS #: 20240053210
Foreclosure
UPDATED: 32 min ago
$4,500,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,537
    SQFT
  • $1,272
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Rare opportunity for a ?agship location! Located in the heart of one of Oakland County's high-income suburbs, it is one of a select few Provisioning Centers in the immediate area. Operating Adult-Use/Medical Provisioning Center available for sale - Business/License & real estate available. Buyer has the option to purchase the Business/License and lease the real estate. Approximately $1M +/- worth of inventory can be purchased separately. Opened for business in late 2021, with a steady monthly increase in sales. This location is currently averaging approximately $600,000 per month in revenue and has room for improvement. Current ownership operates near a 60% gross pro?t margin, making this a more attractive value-add opportunity than the model of 35-45% gross pro?t margin for most other Michigan Provisioning Centers. Freestanding building that was brand-new ground-up construction before its opening in 2021. The site includes 22 parking spaces, plus ample street parking, and a prime monument sign for excellent brand exposure. Great synergy in the immediate marketplace surrounded by a dense high-income residential population, as well as, several national/regional tenants.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-12T23:49:14.52.
www.sellsmi.com/homes/152876509
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0 Undisclosed Address Oakland, MI 48320

  • Price: $4,500,000
  • Status: Active
  • On Site: 204 Days
  • Updated: 32 min ago
  • MLS #: 20240053210
0
Beds
0
Baths
0
½ Baths
0.48
Acres
3,537
SQFT
$1,272
$/SQFT
Neighborhood:
Oakland Twp (63101)
County:
Oakland
Area:
Oakland Twp (63101)
Property Description
Rare opportunity for a ?agship location! Located in the heart of one of Oakland County's high-income suburbs, it is one of a select few Provisioning Centers in the immediate area. Operating Adult-Use/Medical Provisioning Center available for sale - Business/License & real estate available. Buyer has the option to purchase the Business/License and lease the real estate. Approximately $1M +/- worth of inventory can be purchased separately. Opened for business in late 2021, with a steady monthly increase in sales. This location is currently averaging approximately $600,000 per month in revenue and has room for improvement. Current ownership operates near a 60% gross pro?t margin, making this a more attractive value-add opportunity than the model of 35-45% gross pro?t margin for most other Michigan Provisioning Centers. Freestanding building that was brand-new ground-up construction before its opening in 2021. The site includes 22 parking spaces, plus ample street parking, and a prime monument sign for excellent brand exposure. Great synergy in the immediate marketplace surrounded by a dense high-income residential population, as well as, several national/regional tenants.
Exterior Features

Exterior Construction Other Foundation Type Piller/Post/Pier Frontage 100 Lot Size irregular Roads Paved Street Waterfront YN No

Interior Features

Basement YN No Fuel Type Natural Gas Heating System Forced Air

Property Features

Commercial Type Commercial/Industrial Financial Terms Cash Lease YN Yes Municipality Oakland Twp Occupant Corbin Yaldoo Ownership Bank Owned SEV 0 Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 0 Water Public Water Winter Tax Amount 0 Zoning Commercial

Listing courtesy of C3 CRE, LLC : 248-220-1110.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-12T23:49:14.52.
 
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The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507