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3129 E Laketon Ave Muskegon, MI 49442

Industrial properties Google Maps
10,960 SF 10.37 ac lot Built 2020
Entity Owned Free & Clear
Estimated value (blended)
$730k
Range $657k – $803k (±10%)
Property ID US43-2620881

Property summary

AI-generated overview

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 profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2020
Total area 10,960 SF
Lot 10.37 ac (451,717 SF)
APN 61-10-035-200-0009-20
UPID US43-2620881

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
$781k
Blend (final) Blend
$730k

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2023
Price N/A
2020
Price N/A
2019
$350,000
2019
Price N/A
2019
$350,000
2013
$117,530

Zoning & alternative use

Top alternative use upside
Commercial (general) $580,000 +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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