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Industrial Warehouse with Loading Docks

1025 Pyle Drive Kingsford, MI 49802

Claim this Listing
For Sale
$1,200,000

COMMERCIAL - Kingsford, MI

Property size:
15,260 SF
Lot size:
2.00 Acres
Price / SF:
$78/SF
Added:
May 7, 2026
Days on Market:
67
Last Refresh:
Jul 12 at 1:06 am

Property Features for 1025 Pyle Drive

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
Size
15,260 SF
Lot size
2.00 Acres

Utilities

Heating system
Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
1985
Roof type
Metal

Listing agent RYAN GORDON License #6502420131

Listing office STEPHENS REAL ESTATE 1320 CARPENTER AVE., Iron Mountain, MI

Listing date May 7, 2026

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.

An expansive industrial facility totaling 15,260 square feet, featuring a massive 14,000 square foot open warehouse. The warehouse includes a full-length floor drain and is supported by five Modine heaters for supplemental heat. Site operations are supported by twenty 14-foot doors and two dedicated loading docks. A separate 1,260 square foot professional office suite complements the warehouse space.

The property is located at 1025 Pyle Drive in Kingsford, Michigan and sits on 2 acres, providing room for on-site loading and day-to-day operations.

The configuration supports warehouse-focused activities with high door count and docked access, along with dedicated office space within the same facility.

Key Highlights

  • Expansive 15,260 sq ft industrial facility on 2 acres.
  • Large 14,000 sq ft open warehouse with full‑length floor drain.
  • Twenty 14 ft doors and two dedicated loading docks for exceptional access.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $112.2k $7.35
− Vacancy −$4.9k −$0.32
EGI $107.2k $7.03
− OpEx −$16.1k −$1.05
NOI $91.1k $5.97
15,260 SF · lease $7.35/SF/yr · vacancy 4.40% · expense 15.00%

Alternative Uses

Best Use
Office B
$2.30M
$2.01M – $2.68M (±1% cap)
NOI $160,894 @ 7.0% cap · market cap 13.41%
Second Best
Warehouse
$1.30M
$1.14M – $1.52M (±1% cap)
NOI $91,142 @ 7.0% cap · market cap 7.60%
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 local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Distribution centers

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Pharmacy Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon HVAC Service

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

Similar Off Market Nearby

  • Kodiak Storage — 1395 Pyle Dr, Kingsford, MI 49802
  • Kodiak Storage — N Hooper St, Kingsford, MI 49802
  • U-Haul — 1395 Pyle Dr, Kingsford, MI 49802

FAQs

What type of property is this?
Warehouse - Industrial facility with a large open warehouse, full-length floor drain, and multiple 14-ft doors.
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: Expansive 15,260 sq ft industrial facility on 2 acres.; Large 14,000 sq ft open warehouse with full‑length floor drain.; Twenty 14 ft doors and two dedicated loading docks for exceptional access.
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More about this property
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