Candy Factory
Michigan, MI
Building
Summary
- Address: 123 Street, Michigan
- Lot Size: 6.5 acres
- Loading: Rear Loading, Grade & Dock High
- Overhead Doors: 3 - 16’ x 14’
- Eave Height: 20’
- Power: 3-Phase 400 Amps 120/208V
- Building Dimensions: 175’ x 100’
- Projected Annual ROI 31.8%
- Project Term 4 Years
- Property Net Levered IRR 25.5%
We’re excited to bring to you this investment opportunity that's not just innovative and historic, it's also a working candy factory and home to one of the largest manufacturers of candy in North America. Producing 1 million candies per day and cementing its place as the only candy cane manufacturer in Canada, Karma Candy Inc. is a highly profitable enterprise
The complex is 280,000 sqft and comprised of both industrial and office units. The building features 35,000 sqft in the basement, 106,000 sqft on the main floor, 69,000 sqft on the second floor, and 68,000 sqft allocated to the third floor. The property includes both 365 Emerald Street (Unit A) and 118 Shaw Street (Unit B) The acquisition also includes 65 Shaw - the adjacent half-acre parking lot. The building is in good condition and needs only exterior cosmetic upgrades.
Built in 1911, the sprawling three-story brick-and-beam factory at Emerald and Shaw has been home to the American Can Co., the Allan Candy Company, and, most recently, Karma Candy Inc. The M6 “Light Industrial Zone designation” allows for various uses including (but not limited to) General Manufacturing, Medical, Office, Laboratory, and Restaurant.


