Financial
Distress signals
Property profile

1938 Sanford St Muskegon, MI 49441

OFF-MARKET
Other commercial real estate
Property ID
US43-1091910
14,851 SF 0.71 ac lot
Last sale Jun 2019 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a cannabis cultivation facility located at 1938 Sanford St in Muskegon on a full one-acre site. It includes a 14,112 square-foot main building that was previously operated under a Class C recreational cultivation license for up to 2,000 plants and is configured with more than 450 grow and vegetation lights. The facility has installed electrical capacity of 1,600 amps at 480 volts and includes interior space that remains set up to support additional flowering rooms. An additional

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?
$40k
Tax billed · 2023
Assessed value · 2024$669k
Effective rate5.95%

Value estimate

· Sep 2026
$500k
$450k – $550k
Submarket $/SF estimate$1.93M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
ZIP average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$44 – $136
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-4
ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS PREAMBLE The B-4 General Business District is...
General categoryCOMMERCIAL
JurisdictionMUSKEGON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency44.7
Restaurant35.1
Building Supply29.8

Location

1938 Sanford St Muskegon, MI 49441-2517
County assessor Recorded deeds · 3 transfers 3 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
354 Dl, Muskegon, MI 49441-2462 $240,000 Dec 2025 6,370 SF
3505 Marina Vw, Muskegon, MI 49441-6406 $750,000 Mar 2025 6,516 SF
1916 Sanford, Muskegon, MI 49441-2539 $100,000 Feb 2025 18,880 SF
1901 Peck, Muskegon, MI 49441-2534 $250,000 Feb 2025 18,586 SF
2330 Barclay, Muskegon, MI 49441-3204 $1,800,000 Jan 2025 15,160 SF
174 Sinclair, Norton Shores, MI 49441-5545 $400,000 Jun 2024 11,000 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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