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    1101 WEST BREEN Kingsford, MI 49802

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    Claim this Listing
    For Sale
    $1,100,000

    Business - Kingsford, MI

    Type:Business
    Property size:
    6,456 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $170/SF
    Added:
    Aug 15, 2025
    Days on Market:
    258
    Last Refresh:
    Apr 29 at 11:06 am

    Property Features for 1101 WEST BREEN

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Off Street
    Interior features
    220 Volt Power, Cable Internet Installed, Carpet, Concrete Floor, Delivery Area, Delivery Door, Private Restrooms, Showroom, Sidewalks, Telephone, Trash Removal
    Standard status
    Active
    APN
    052-451-001-00 052-451-001-50
    Size
    6,456 SF
    Lot size
    0.29 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air

    Building Details

    Year built
    1928
    Flooring type
    Carpet, Concrete
    Building materials
    Brick
    Roof type
    Metal, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    PATRICK MURRA

    Listing agent PATRICK MURRA

    Listing office GREAT LAKES & LAND OF MARQUETTE, INC. 856 W. Washington Street, Marquette, MI

    Listing date Aug 15, 2025

    MLS# 50185337 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kingsford Commercial Property For Sale

    Located at 1101 West Breen Avenue in Kingsford, this commercial property offers a two-story 6,456 square foot versatile business space on a 0.29-acre lot with 125-foot frontage. Constructed in 1928, the building combines character with modern functionality. It currently houses an industrial supply business that has been operating for many years, servicing foundries and paper mills and specializing in furnaces, air conditioning systems, mining supplies, and related equipment, serving Michigan's Upper Peninsula and Northern Wisconsin markets. The building features concrete flooring, natural gas heating with forced air, 220-volt electrical power, a delivery door and area, private restrooms, showroom space, and basement storage. All major utilities are connected, including public water, sewer, natural gas, electricity, cable internet, and telephone. The property includes business and real estate inventory. With its location in Kingsford's business district, ample parking potential, utility connections, and concrete construction, this commercial space presents an opportunity for businesses seeking an established location suitable for retail, service, or light industrial applications.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsford
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.082667
    Latitude
    45.793286

    Nearby Similar for Sale

    • $349,900
      5,000 SF

      Kingsford Commercial/Industrial Opportunity on M-95

      High-visibility commercial property with retail and storage space on 1.38 acres.
      212 S Carpenter, Kingsford, MI 49802
      View Details
    • $160,000
      2,189 SF

      Kingsford Commercial Property with Greenhouses

      High-visibility commercial property with showroom, greenhouses, and ample storage.
      223 S Carpenter, Kingsford, MI 49802
      View Details

    FAQs

    What type of property is this?
    Flex space - Two-story, 6,456 SF commercial space on 0.29 acres.
    Where is this flex space located?
    The property is located at 1101 WEST BREEN Kingsford, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Turnkey commercial property with established industrial supply business, real estate, and inventory included.; Strategic location in Kingsford's business district with excellent visibility thanks to its 125‑foot frontage.; Substantial 6,456 sq ft, two‑story building suitable for retail, service, or light industrial applications.
    (906) 228-9312
    We can help!
    Listing Contact
    PATRICK MURRA
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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