Property profile

2240 Glade St Muskegon, MI 49444

FOR SALE
Commercial real estate
Property ID
US43-1736514
9,000 SF 0.92 ac lot Built 1965
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Muskegon Heights, MI property presents a unique investment opportunity encompassing both a thriving adult-use cannabis retail business and the underlying real estate. The 9,000 square foot building, constructed in 1965 and extensively renovated in 2021, sits on a 0.92-acre corner lot offering high visibility and easy access. The retail space itself totals 1,645 square feet, complemented by ample parking (10 spaces) and two convenient loading docks. The building features a 22-foot ceiling height and is zoned for industrial use. The property is offered for sale as a combined business and real estate package, or the real estate may be leased separately under a NNN lease agreement. The property includes two units, and the building is a single-story structure. This turnkey operation is situated in Muskegon County, MI, at 2240 Glade St, 49444, providing an established business with significant growth potential. The property's strategic location ensures high traffic counts, maximizing exposure and profitability. This is a rare opportunity to acquire a successful, established business with its associated real estate.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1965
Total area 9,000 SF
Lot 0.92 ac (39,901 SF)
Zoning code C3-HWY
APN 61-26-185-082-0010-00
UPID US43-1736514

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Trade Show Venue (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Location

2240 Glade St Muskegon, MI 49444
Muskegon metro Census 1200 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2021
Last sale
$340,000
5 recorded transactions
2021
$340,000
2018
Price N/A
2012
$148,500
2012
$238,000
2012
Price N/A

Zoning & alternative use

C3-HWY · Muskegon, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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