Power plants are rarely listed on standard real estate sites like Zillow or LoopNet. Instead, they are typically sold through M&A (Mergers & Acquisitions) firms, specialized industrial brokers, or through the MPSC (Michigan Public Service Commission) regulatory filings when a utility seeks to divest an asset.

​As of early 2026, here are the types of power generation assets currently available or frequently traded in the Michigan market:

​1. Active “For Sale” Industrial Power Facilities

  • ​Lincoln & McBain Cogeneration Plants: These are smaller-scale biomass/cogeneration facilities that have been periodically listed for sale by specialty brokers like National Power Plants. They are often attractive to private equity groups or specialized corporations looking for existing infrastructure.
  • ​Kalkaska Combustion Turbine Project: While often owned by municipal agencies (like MPPA), undivided ownership interests in these 55 MW natural gas “peaker” plants do occasionally come up for trade between member partners.

​2. Ready-to-Build (RTB) Renewable Projects

​Most “power plant” sales in 2026 are actually Renewable Energy Projects that have secured land, permits, and a grid connection but haven’t been built yet.

  • ​Solar & Storage Hybrids: Developers like Korsail and NorthStar Clean Energy often develop sites (30 to 500+ acres) and then sell the “project company” to an institutional investor or corporation before construction begins.
  • ​Community Solar Portfolios: Under Michigan’s expanded renewable energy laws, smaller 2MW–5MW solar “plants” are frequently sold as portfolios to investors looking for steady, long-term yields.

​3. Decommissioned “Brownfield” Plants

​If you are looking for an asset to “repower” (e.g., converting an old coal site to natural gas or battery storage), several retired DTE and Consumers Energy sites in locations like Trenton Channel, River Rouge, and St. Clair are in various stages of decommissioning and redevelopment.

​How to find a “Live” Listing

​Since these are high-value corporate assets (often $[$50M – $[$500M+), you should monitor these specific channels:

  • ​Industrial Brokers: Contact firms like Surplus Record or National Power Plants which specialize in “Generating Stations” and heavy “Genset” plants.
  • ​Energy M&A Firms: Look at MergersCorp or Enverus. They handle the sale of “Special Purpose Vehicles” (SPVs) that own the power plant.
  • ​MPSC Dockets: Watch the Michigan Public Service Commission filings for “Certificates of Necessity” or “Asset Sales.” Utilities must file public notice here before selling a major plant.

​Suggested Next Step

​Are you looking for an operational plant that is currently making money, or a decommissioned site that you can buy for the land and the existing electrical grid connection? (The latter is often much cheaper but requires more “Value-Add” work).