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    3129 Laketon Ave Muskegon, MI 49442

    Sponsored
    For Sale
    $1,995,000

    Turnkey Cannabis Grow, High ROI

    Property size:
    10,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A industrial property in Muskegon, MI, offers a unique opportunity to acquire a fully operational, turnkey cannabis cultivation facility. Spanning 10,960 square feet on a one-acre lot, this 2022-built facility boasts a highly efficient design, with 80% (8,800 sq ft) dedicated to flowering, vegetative, and mother rooms. Currently operating under Class C adult-use and medical licenses, it houses approximately 2,500 plants, maximizing revenue-generating space. The facility features a 16-foot ceiling height, one loading dock, and over 2,000 amps of power, supported by high-efficiency HVAC and circulation systems. High-end lighting (including 1930e Gavita LEDs & ION 720 LEDs) is in place. An oversized 8-foot corridor ensures easy access to grow rooms. The asking price is $1,995,000 ($182.03/sq ft), and flexible seller financing terms are available. Inventory is not included in the purchase price. A 300KW diesel backup generator is available for separate purchase. An adjacent 10,980 sq ft shell building, with approved expansion plans and 2,000 amp equipment, presents significant expansion potential (sold separately). The current, highly competent staff, including the lead grower, are willing to remain under new ownership.

    Property Features for 3129 Laketon Ave

    General Information

    Property type
    Hemp farms
    Square Feet
    10,960 SF
    Class
    A
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    2022/2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Brand new, turnkey recreational cannabis cultivation facility.
    • 10,960 square foot building on a one‑acre lot.
    • 80% (8,800 sq ft) of space is revenue‑generating.
    • Seller financing options available.
    • Equipped with 230+ high‑end LED grow lights.
    • 2,000 amp, 3‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hemp farms

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Food Market HVAC Service Storage Facility Grocery Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.1667044
    Latitude
    43.2193927

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    FAQs

    What type of property is this?
    Hemp farm - Turnkey Cannabis Grow, High ROI
    Where is this hemp farm located?
    The property is located at 3129 Laketon Ave Muskegon, MI.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Brand new, turnkey recreational cannabis cultivation facility.; 10,960 square foot building on a one-acre lot.; 80% (8,800 sq ft) of space is revenue-generating.
    Request Owner's contact information
    3129 Laketon Ave Muskegon, MI 49442
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3129 Laketon Ave Muskegon, MI 49442
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