Turnkey Cannabis Cultivation
560 E Broadway, Muskegon Heights, MI 49444
New
COMMERCIAL - Muskegon Heights, MI
Property size:
17,981 SFLot size:
1.55 AcresPrice / SF:
$164/SF- Added:
- Jul 1, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 6 at 3:06 pm
Property Features for 560 E Broadway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Aluminum, Block, Steel
- Standard status
- Active
- Size
- 17,981 SF
- Lot size
- 1.55 Acres
Taxes and HOA fees
- Tax Description
- CITY OF MUSKEGON HEIGHTS E MANAHAN URBAN RENEWAL REPLAT #1 LOT 11, EXC. THE N 75' THEREOF
Building Details
- Building materials
- Block, Steel, Insulated Concrete Forms
- Roof type
- Membrane, Composition
Listing agent Austen Lobenherz (231) 675-4474
Listing office Berkshire Hathaway Home Svcs 203 Bridge Street, Charlevoix, MI (231) 547-9905
Listing date Jul 1, 2026
MLS# 1947480
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 17,981 SF purpose‑built industrial cannabis cultivation facility on 1.55 acres in Muskegon Heights, MI
- Includes 1 Class C Adult‑Use cultivation license (2,000‑plant capacity) and 1 Class C Medical grower license (1,500‑plant capacity)
- Combined licensed canopy of 3,500 plants; licenses are transferable through sale of the operating entity
- Equipped with 1,200‑amp, 480‑volt, 3‑phase electrical service plus ten electrical panels including two new 277V panels
- Environmental systems include TrolMaster automation, ten 10‑ton MRV5 rooftop HVAC units, and 18 commercial dehumidifiers
- Security system has 52 cameras with 30‑day video retention, PIN‑code access, monitored alarms, and CRA compliance documentation
Overview
A purpose-built industrial cannabis cultivation facility totaling 17,981 square feet on 1.55 acres, offered as fully operational and equipped for day-to-day growing. The setup includes 1,200-amp, 480-volt, 3-phase electrical service with ten electrical panels (including two new 277V panels), a TrolMaster automation system controlling lighting and CO2, ten 10-ton MRV5 rooftop HVAC units, and 18 commercial dehumidifiers. Security is built in as well, featuring a comprehensive system with 52 cameras and 30-day video retention, PIN-code access to each grow room, and monitored alarms, alongside Michigan Cannabis Regulatory Agency (CRA) compliance documentation.
The property is located at 560 E Broadway in Muskegon Heights, Michigan (Muskegon County). The offering includes one Class C Adult-Use Cultivation License with a 2,000-plant capacity and one Class C Medical Grower License with a 1,500-plant capacity, supporting a combined licensed canopy of 3,500 plants. The licenses are transferable through the sale of the operating entity.
For qualified buyers seeking immediate cultivation capability without waiting for the licensing process, this facility provides a turnkey, equipment-supported cultivation platform with Metrc track-and-trace history, inspection records, and operational documentation available upon execution of a mutually acceptable Letter of Intent.
The property is located at 560 E Broadway in Muskegon Heights, Michigan (Muskegon County). The offering includes one Class C Adult-Use Cultivation License with a 2,000-plant capacity and one Class C Medical Grower License with a 1,500-plant capacity, supporting a combined licensed canopy of 3,500 plants. The licenses are transferable through the sale of the operating entity.
For qualified buyers seeking immediate cultivation capability without waiting for the licensing process, this facility provides a turnkey, equipment-supported cultivation platform with Metrc track-and-trace history, inspection records, and operational documentation available upon execution of a mutually acceptable Letter of Intent.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $252.5k | $14.04 |
| − Vacancy | −$6.1k | −$0.34 |
| EGI | $246.4k | $13.70 |
| − OpEx | −$73.9k | −$4.11 |
| NOI | $172.5k | $9.59 |
17,981 SF · lease $14.04/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.46M
$2.16M – $2.87M
NOI $172,476 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$168.86M
$147.75M – $197.00M
NOI $11,820,212 @ 7.0% cap · market cap 400.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Cannabis Properties
Map
- City
- Muskegon Heights
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.230623
- Latitude
- 43.201468
Nearby Similar for Sale
FAQs
What type of property is this?
Cannabis property - Fully licensed cultivation facility with medical and adult-use licenses and production-ready equipment and security.
Where is this cannabis property located?
The property is located at 560 E Broadway Muskegon Heights, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 17,981 SF purpose‑built industrial cannabis cultivation facility on 1.55 acres in Muskegon Heights, MI; Includes 1 Class C Adult‑Use cultivation license (2,000‑plant capacity) and 1 Class C Medical grower license (1,500‑plant capacity); Combined licensed canopy of 3,500 plants; licenses are transferable through sale of the operating entity
