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$ 995,000
Est. payment /mo
Price Dropped by $400K
111 W Genesee Street Lapeer, MI 48446
4,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $211
MLS Listing ID 20251012090
Year Built 2019
Annual Tax Amount $12,999
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 155x120
Source Realcomp
Property Description
Exclusive Cannabis Dispensary – Real Estate + License | 111 W Genesee St, Lapeer, MI 48446Property Overview:Rare investment opportunity to purchase a fully renovated 4,700 SF cannabis dispensary in downtown Lapeer with real estate and retail license included. This turnkey facility was fully updated in 2019 and meets all state and local compliance standards. Located on a prominent corner with excellent visibility and foot traffic, the building is ideally positioned for continued cannabis retail operations or brand expansion.Highlights:Building Size: Approx. 4,700 SFSale Includes: Real estate + local dispensary licenseLicense Rarity: Only 6 total licenses permitted in Lapeer – high barrier to entryRenovated: Complete interior/exterior renovation in 2019Zoning: Cannabis retail approved – fully compliantSecurity: Equipped with state-mandated surveillance and access control systemsVisibility: Prime downtown location with strong traffic countsAccess: Close to I-69 and major regional corridorsInvestment Appeal:This is a limited-license market with virtually no new dispensary permits being issued. The combination of property ownership + license makes this asset ideal for owner-operators, expanding cannabis brands, or institutional investors. The asset is being delivered turnkey and can be operational immediately upon transfer.
Location
State MI
County Lapeer
Area Lapeer County - 30
Zoning Commercial
Direction Next to Krave Restaurant and in front of LE Lash Salon.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Lapeer
Others
Tax ID L212400004000
Listed by Irongate Realty Group