Listing ID : 968741
Listed On August 19, 2026 10
Listing Updated August 19, 2026
A rare, cultivation-ready industrial building in Minnesota’s fast-growing, limited-license cannabis market. This 49,800 SF steel and masonry facility sits on 3.37 acres in the North Branch Industrial Park with immediate Interstate 35 access, roughly 45 minutes north of the Twin Cities. Indoor cannabis cultivation is a permitted use in the City of North Branch’s industrial districts (City Code Ch. 66, Ordinance 387-24), and cannabis manufacturing and wholesale are permitted industrial uses as well, giving a licensed operator a compliant real estate head start that is hard to find in a capped market.
Most warehouses need heavy capital and months of work before they can grow. This one already carries the infrastructure a licensed cultivation operation needs: 2,500-amp, 480/277V three-phase power (stepped down to 208/120V), full HVAC with a spray-foam insulated envelope for climate and humidity control, a sealed concrete slab with floor drains, an existing security system with interior and exterior cameras and monitoring, and 100 percent fire sprinkler coverage. The 40,000 SF clear-span, column-free floor with 14 to 18 foot clear height gives you flexible canopy, benching, and vertical-grow layouts, while an enclosed drive-in bay allows discreet, secure, weather-protected receiving and shipping. A finished 5,000 SF office (updated in 2016) is ready for compliance, security operations, and administration, and the site offers roughly 45 parking spaces and sits in FEMA Flood Zone X.
Minnesota launched adult-use retail in September 2025, and cultivation is widely recognized as the tightest link in the state’s supply chain, with wholesale flower prices running high as licensed grow capacity scales up. For an operator with, or pursuing, an OCM cultivator, mezzobusiness, or manufacturing license, this is a turnkey opportunity to move quickly in an established, business-friendly industrial park with active city and county economic-development support.
Offered at $3,137,400. The property is also well suited to conventional manufacturing, machining, warehouse, and distribution use.
Important: Permitted-use zoning is a significant advantage but is not a cannabis license. Any cannabis operation requires licensure through the Minnesota Office of Cannabis Management (OCM) and compliance with all state and local requirements. Buyer to independently verify the exact zoning district, current OCM licensing availability, and all building and site requirements with the City of North Branch and the OCM. The property is currently held by a non-profit and is tax-exempt; taxes will be reassessed upon sale (2024 taxes under prior ownership were approximately $63,942).
Property Highlights:
Indoor cannabis cultivation a permitted use (North Branch industrial districts, Ord. 387-24)
Cannabis manufacturing and wholesale also permitted industrial uses
49,800 SF total; 40,000 SF clear-span, column-free grow floor
14 to 18 foot clear height for canopy, benching, or vertical grows
Heavy 2,500A, 480/277V three-phase power
Full HVAC and spray-foam insulated envelope for climate control
Sealed concrete floors with drains; 100 percent fire sprinklered
Existing security system with cameras and monitoring
Enclosed drive-in bay for secure, weather-protected loading
5,000 SF finished office for compliance and administration
3.37 acres, approx. 45 parking spaces, FEMA Flood Zone X
Immediate I-35 access; North Branch Industrial Park; approx. 45 min to Twin Cities
City and county economic-development incentives for qualifying projects
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