HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
111 W Genesee Street Lapeer, MI 48446
4,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $211
Subdivision City Of Lapeer B Jennings Add
MLS Listing ID 20251012090
Year Built 2019
Annual Tax Amount $12,999
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 155x120
Property Sub-Type Business And Real Estate
Source Realcomp II Ltd
Property Description
Property 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 SF
Sale Includes: Real estate + local dispensary license
License Rarity: Only 6 total licenses permitted in Lapeer – high barrier to entry
Renovated: Complete interior/exterior renovation in 2019
Zoning: Cannabis retail approved – fully compliant
Security: Equipped with state-mandated surveillance and access control systems
Visibility: Prime downtown location with strong traffic counts
Access: Close to I-69 and major regional corridors
Investment 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
Zoning Commercial
Direction Next to Krave Restaurant and in front of LE Lash Salon.
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Brick
Schools
School District Lapeer
Others
Tax ID L212400004000
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, Owner May Carry(Purchase Money Mortgage)
Listing Terms Cash, Conventional, Owner May Carry(Purchase Money Mortgage)
Financing Cash,Conventional,Owner May Carry(Purchase Money Mortgage)
Special Listing Condition Entry Only (MLS Entry Only)
