Financial
Distress signals
Property profile

2240 Glade St Muskegon, MI 49444

FOR SALE
Other commercial real estate
Property ID
US43-1736514
9,000 SF 0.92 ac lot Built 1965
Last sale Nov 2021 · $340,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 9,000 sq ft flex building contains two distinct commercial areas: a 1,920 sq ft retail/office portion and a 7,080 sq ft warehouse. The retail/office area was renovated in 2023 and features exposed ductwork, large windows, two private offices, an ADA-compliant restroom, and heating and air conditioning. The warehouse is served by 3-phase/440-volt power with a dedicated electrical meter, includes partial central air, two offices, two restrooms, two truck bays, a 12-foot overhead door, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$186k
Effective rate3.37%

Value estimate

· Sep 2026
$335k
$302k – $369k
NOI build-up
Gross scheduled income$62k
Vacancy & credit loss−$2k
Operating expenses−$21k
NOI · 6.49% cap applied$39k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$74/SF
ZIP average, outlier-cleaned · 106 recorded sales of this use type
Observed band · Q1–Q3$29 – $122
Qualifying comparables6

Cap rate analysis

How does the asset earn?
6.49%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C3-HWY
JurisdictionMUSKEGON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office29.6
Realty agency25.8
Law Firm20.7

Location

2240 Glade St Muskegon, MI 49444
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2861 Milliron, Muskegon, MI 49444-3686 $228,835 May 2025 16,120 SF
4075 Airline, Norton Shores, MI 49444-4277 $565,000 May 2025 7,222 SF
395 Broadway, Muskegon, MI 49444-1946 $75,000 May 2025 5,914 SF
2437 7th, Muskegon, MI 49444-1417 $20,000 Apr 2025 4,978 SF
100 Seaway, Norton Shores, MI 49444-3843 $50,000 Apr 2025 7,264 SF
3367 Hoyt, Muskegon, MI 49444-3166 $240,000 Mar 2025 16,488 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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