Industrial Building with Flexible
For Sale
$749,000
3129 E Laketon Avenue, Muskegon, MI 49442
Commercial Sale, Muskegon, MI
Property Size11,000 SF
Lot Size1.93 Acres
Price / SF$68.34
Days on Market139
Property Features for 3129 E Laketon Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-Lt Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Orchard View
Middle school district
Orchard View
High school district
Orchard View
Standard status
Active
APN
10-035-200-0009-50
Size
10,960 SF
Lot size
1.93 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Attached.
Tax Annual Amount
1
Legal Description
Attached.
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Building Details
Year built
2020
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Bryan D Bench
(231) 578-2508
Added: Jun 9
Changed: Oct 8
Last Checked: Oct 25 at 2:06PM
MLS# 26028131
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This industrial property includes a 10,960-square-foot metal-sided building on 1.93 acres. Built in 2020, the facility has forced-air heating, metal roofing, two bathrooms, and natural gas available. HVAC and power infrastructure are in place for light industrial operations, while current renovation work is reconfiguring the interior for future occupancy. The prior use was a grow operation.
The property is located at 3129 E Laketon Avenue in Muskegon, approximately 3 miles east of the Laketon-US 31 interchange. Its combination of recently constructed improvements, sizable land area, and adaptable interior configuration supports a range of industrial occupancy requirements.
The property is located at 3129 E Laketon Avenue in Muskegon, approximately 3 miles east of the Laketon-US 31 interchange. Its combination of recently constructed improvements, sizable land area, and adaptable interior configuration supports a range of industrial occupancy requirements.
Key Highlights
- 10,960‑square‑foot industrial building on 1.93 acres
- Constructed in 2020 with metal siding and a metal roof
- HVAC and power infrastructure suited to light industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,315
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,300
$946.3K
Cap Rate 7%
$675,929
$675.9K
Cap Rate 9%
$525,722
$525.7K
Market Conditions
NOI Build-Up for 10,960 SF
Gross rent
$75.0K $6.84/SF
− Vacancy
−$2.2K −$0.20/SF
EGI
$72.8K $6.64/SF
− OpEx
−$25.5K −$2.32/SF
NOI
$47.3K $4.32/SF
Area
Muskegon County, MI
Vacancy
2.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,300
Cap Rate 7%
$675,929
Cap Rate 9%
$525,722
Alternative Uses
Best Use
Warehouse
$1.82M
$1.60M – $2.13M
NOI $127,658 @ 7.0% cap · market cap 17.04%
Second Best
Industrial
$1.50M
$1.31M – $1.75M
NOI $105,130 @ 7.0% cap · market cap 14.04%
Theoretical Best
Hotel Hospitality
$102.93M
$90.06M – $120.08M
NOI $7,204,801 @ 7.0% cap · market cap 961.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Metal-sided industrial facility with HVAC, substantial power infrastructure, and an active renovation to reconfigure the interior.
Where is this manufacturing property located?
The property is located at 3129 E Laketon Avenue Muskegon, MI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 10,960‑square‑foot industrial building on 1.93 acres; Constructed in 2020 with metal siding and a metal roof; HVAC and power infrastructure suited to light industrial operations
