Building Details

Year built 1985

Roof type Metal

Listing Agency: STEPHENS REAL ESTATE i***@stephens.realestate Show Phone

Listed By: RYAN GORDON · License #6502420131 Show Phone

Added: May 7 Changed: Oct 8 Last Checked: Oct 13 at 8:06AM

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MLS# 50206742

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.

Investment Insights

Based on property information with market context.

Built in 1985, this 15,260-square-foot industrial warehouse occupies 2 acres at 1025 Pyle Drive in Kingsford, Michigan. The facility includes a 14,000-square-foot open warehouse with a full-length floor drain, five Modine heaters, twenty 14-foot doors, and two dedicated loading docks. A separate 1,260-square-foot office suite supports administrative and operational functions.

The property has Commercial zoning, a metal roof, forced-air heating, central air, and public water. Its configuration provides substantial enclosed area for warehouse, distribution, manufacturing, or heavy equipment storage operations, with loading infrastructure designed for frequent material movement.

Key Highlights

• 15,260‑square‑foot industrial facility on 2 acres
• 14,000‑square‑foot open warehouse with full‑length floor drain
• Twenty 14‑foot doors and two dedicated loading docks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$91,142

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,822,840 $1.8M

Cap Rate 7%

$1,302,029 $1.3M

Cap Rate 9%

$1,012,689 $1.0M

Market Conditions

NOI Build-Up for 15,260 SF

Gross rent

$112.2K $7.35/SF

− Vacancy

−$4.9K −$0.32/SF

EGI

$107.2K $7.03/SF

− OpEx

−$16.1K −$1.05/SF

NOI

$91.1K $5.97/SF

Area

Dickinson County, MI

Vacancy

4.40%

Lease Rate

$7.35 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,822,840

Cap Rate 7%

$1,302,029

Cap Rate 9%

$1,012,689

Alternative Uses

Best Use

Warehouse

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,142 @ 7.0% cap · market cap 7.60%

Second Best

Industrial

$1.08M

$945.1K – $1.26M (±1% cap)

NOI $75,608 @ 7.0% cap · market cap 6.30%

Theoretical Best

Office A

$2.94M

$2.57M – $3.43M (±1% cap)

NOI $205,944 @ 7.0% cap · market cap 17.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Restaurant Law Firm Real Estate Agency Spa & Massage Center Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Dock-high doors

Location Intelligence

Trade Area within ½ mile

232

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49802, MI

6,197

Population

2,768

Households

2.2

Avg Household Size

46

Median Age

26%

College-Educated

96%

High-School Grad

7.9 sq mi

ZIP Area

784

Density / Sq Mi

$61,067

Median Household Income

$37,633

Median Earnings

$861

Median Rent

$109,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Kodiak Storage — N Hooper St, Kingsford, MI 49802
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Frequently Asked Questions

What type of property is this?

Warehouse - Large-format industrial facility with dedicated office space, multiple overhead doors, and supplemental heating.

Where is this warehouse located?

The property is located at 1025 Pyle Drive Kingsford, MI.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 15,260‑square‑foot industrial facility on 2 acres; 14,000‑square‑foot open warehouse with full‑length floor drain; Twenty 14‑foot doors and two dedicated loading docks