BMG Sales Report

January 20, 2021

360 sq ft Bay City Michigan Marijuana Retail – Sold By Stephanie Goodman

Waterford, MI: Bricks + Mortar Group, a Michigan female-owned and operated real estate company specializing in property zoned for marijuana use, is excited to announce the sale of 1525 Broadway Street, in Bay City, Michigan. The property closed on January 8, 2021, with a sale price of $75,000. Bricks + Mortar Group’s agent, Stephanie Goodman, represented the seller.

The quaint, recently renovated, 360 square foot retail building will be used as a marijuana retail dispensary, possibly one offering delivery. A sale price of under $100,000 makes it one of the most affordable cannabis facilities in the area. The property is zoned for a Medical and Recreational dispensary.

The property is just South of Uptown Bay City, with over 10,000 vehicles passing the location each day. There are over a million people within 50 miles of this facility, possibly making it a great delivery-focused location.

After Michigan’s recent decision to allow both medical and recreational marijuana businesses, the demand is rising for city-approved property on which to place the facilities. Many municipalities are approving new marijuana business applications, as the tax revenue can be highly beneficial to cities. For more information about buying and selling with Bricks + Mortar Group, and to view current listings, click HERE.

About Us: Bricks + Mortar Group, a women-owned and operated real estate investment firm based out of Michigan, specializes in the development of property zoned for marijuana related use. Founded in 2015,  Bricks + Mortar Group began with a focus on investment real estate and business brokerage. The company was rebranded in 2017 to focus exclusively on the cannabis industry, and has become a widely known industry leader in cannabis real estate and aggregation of related data. The robust team of experts at BMG are able to provide everything from brokers price opinion reports, business valuations, investment advice, ordinance reviews, and more. The company has quickly established themselves as the top marijuana real estate firm in Michigan.

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