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3009 E Laketon Ave Muskegon, MI 49442

Industrial properties Google Maps
10,000 SF 20.32 ac lot Built 2022
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$435k
Range $392k – $479k (±10%)
Property ID US43-1869084

Property summary

AI-generated overview

This exceptional 10,980 square foot industrial property, located at 3009 E Laketon Ave in Muskegon, Michigan, presents a unique opportunity for owner-occupancy or investment. Priced at $549,000 ($54.55/SF), this single-story, pre-engineered steel building offers significant flexibility. Currently a fully enclosed shell, it awaits completion to a buyer's specifications, allowing for customization to meet specific business needs. The building sits on a one-acre lot within Muskegon Township's designated cannabis-approved area, although buyers are responsible for verifying all zoning and usage information. The property is zoned I and features a 14-foot ceiling height. Note that the property is part of a larger parcel, requiring a land division, a process the buyer will need to manage. This versatile space is suitable for various industrial uses, including distribution, flex, warehouse, and R&D applications. The building's single-story design and ample square footage provide efficient workflow and storage capabilities. This is an excellent opportunity to acquire a functional industrial space at an attractive price point in a desirable location. Act quickly to secure this promising investment.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2022
Total area 10,000 SF
Lot 20.32 ac (885,139 SF)
APN 61-10-035-200-0009-10
UPID US43-1869084

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$713k
Blend (final) Blend
$435k

Owner & transaction history

since 2026
3 recorded transactions
2026
$600,000
2022
Price N/A
2021
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $530,000 +25.7%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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