Fulton - Receivership Sale: Operating Cannabis Greenhouse Cultivation Facility

12504 42nd Street Fulton, MI 49052

Fulton
FOR SALE
Property Type:
Other Hospitality
Amount:
$2,400,000
Last Verified:
Sep 17, 2025

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Highlights

  • Rare opportunity for a Receivership Sale! Fully operational and turnkey Adult-Use Greenhouse Cultivation Facility — real estate and licenses included.
  • The property consists of four (4) Greenhouses, a Head House facility, an additional on-site office/residence space, and excess land for expansion on 40+ acres.
  • Currently operating under two (2) Class C Adult-Use Cultivation Licenses, renewed through April 2026, this facility offers immediate scalability for an experienced operator or investor.
  • The cultivation infrastructure features high-capacity Gavita lighting, advanced climate automation, and extensive irrigation and HVAC systems.
  • Security measures, power backup, and odor mitigation are also in place.
  • Employment retention and increased day-to-day management will ensure a seamless continuity of cash flow and to maintain and increase operations.
  • Conveniently located in Southwest Michigan's strong climate and offers nearby access to US-131, M-66, I-94, and I-69 freeways.

Description

Rare opportunity for a Receivership Sale! Fully operational and turnkey Adult-Use Greenhouse Cultivation Facility — real estate and licenses included.

The property consists of four (4) Greenhouses, a Head House facility, an additional on-site office/residence space, and excess land for expansion on 40+ acres.

Currently operating under two (2) Class C Adult-Use Cultivation Licenses, renewed through April 2026, this facility offers immediate scalability for an experienced operator or investor.

The cultivation infrastructure features high-capacity Gavita lighting, advanced climate automation, and extensive irrigation and HVAC systems.

Security measures, power backup, and odor mitigation are also in place.

Employment retention and increased day-to-day management will ensure a seamless continuity of cash flow and to maintain and increase operations.

Conveniently located in Southwest Michigan's strong climate and offers nearby access to US-131, M-66, I-94, and I-69 freeways.

Located on 42nd Street between East V Avenue and E U Avenue.


Year Built: 2022
Building Size: 23376sq ft
Lot Size: 40.42 acres


Documents

Fulton - 12504 42nd Street (Marketing Package)

Map of 12504 42nd Street, Fulton, MI, 49052

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.