APPROVED Cultivation & Provisioning Center

Industrial for Sale
Catylist Listing ID: 30360274
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Net Leased, Self Storage, Warehouse/Distribution
Building Size (RSF): 265,000 SF
Gross Land Area: 11.78 SF
Sale Price: $6,950,000
Unit Price: $26.23 PSF
Ceiling: 22 ft. / 14 ft. Clear
Docks/Doors: 4 Docks, 2 Doors
Office SF: 265,000 SF
Property Use Type: Vacant/Owner-User
Building Name: Evans Tempcon
Usable Size (USF): 265,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2020

Overview / Comments

One of a kind opportunity located in the city of Grand Rapids.
701 Ann resides on over 11 acres of land which is conveniently located only 1/2 mile west of US-131 at the Ann Street exit. The facility includes over 265,000 square feet of usable manufacturing space, complete with heavy power, generous column spacing, and clear heights of 13’10" to 22’ throughout. Per the municipality's zoning map, this property is located within the City of Grand Rapids Medical Marijuana Suitable Land zone.

This is an opportunity that is properly zoned and positioned for medical marijuana cultivation and provisioning.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-13-102-004 & 41-13-12-351-025
Zoning: SD-IT
Property Located Between: Turner Ave and Alpine Ave
Highway Access: US-131 & Hwy 96
Rail Access: Yes
Airports: Gerald R Ford
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 265,000 SF
Property Condition: Good
Construction/Siding: Block
Parking Type: Surface
Parking Description: Ample parking, as building resides on 11.78 acres
Eave Height: 14
Freight Elevators: 1
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 4,000
Volts: 480
X-Phase: 3
Heat Type: Propane, Hot Water
Heat Source: Central
Zoning Description: SD-IT
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,856 109,762 225,335
Median Age: 31.46 33.31 33.56
Households: 4,798 45,215 86,453


Photograph of Listing Agent

Trent Wieringa, SIOR

Colliers International
CARWM Member
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