Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    941 Carpenter Ave Kingsford, MI 49802

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $240,000

    Established Auto Shop, High Traffic Location

    Property size:
    1,200 SF

    Property Features for 941 Carpenter Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    1,200 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    CHASE ERICKSON
    CHASE ERICKSON

    Listing Agency: WILD RIVERS REALTY-F Listing Agent: CHASE ERICKSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional turnkey opportunity presents a fully equipped auto repair shop ideally situated on a high-traffic corner lot in Kingsford, MI. The 1,200 square-foot building boasts a recently repainted interior and a newer roof, ensuring a move-in ready experience. Electrical systems have been completely updated, providing a modern and efficient workspace. The property sits on a desirable 0.25-acre lot, offering excellent visibility and convenient access for customers. Its prime location at a stoplight guarantees high traffic exposure, building upon the legacy of Scotty's Muffler, a previously successful business known for its quality and service. This is more than just a building
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsford
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.07119
    Latitude
    45.79728

    Nearby Similar for Sale

    • $1,100,000
      6,456 SF

      Kingsford Commercial Property For Sale

      Two-story, 6,456 SF commercial space on 0.29 acres.
      1101 WEST Breen Ave, 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 Ave, Kingsford, MI 49802
      View Details
    • $399,900
      5,000 SF

      Kingsford Industrial Property - M-95 Frontage

      High-Visibility Industrial Building, 5,000 sq ft
      212 Carpenter Ave, Kingsford, MI 49802
      View Details
    • $349,900
      4,296 SF

      Kingsford Industrial Building - 1.5 Acres

      Spacious Industrial Building, Perfect for Business
      1525 Pyle Dr, Kingsford, MI 49802
      View Details
    • $650,000
      54,300 SF

      Kingsford Industrial Building - 7 Acres

      Spacious industrial building, 54,300 sq ft, 7 acres.
      2 Hooper St, Kingsford, MI 49802
      View Details
    • $249,900
      1,296 SF

      Kingsford Industrial Property - 1.5 Acres

      Spacious home & massive heated garage. Ideal for car enthusiasts or storage.
      1645 Pyle Dr, Kingsford, MI 49802
      View Details
    • $284,900
      3,538 SF

      Kingsford Industrial Space For Sale

      Prime commercial property, 3538 sq ft, 0.55 acres.
      809 Pyle Dr, Kingsford, MI 49802
      View Details
    • $750,000
      89,000 SF

      620 Hooper St, Kingsford, MI 49802

      Industrial properties • 89,000 SF
      620 Hooper St, Kingsford, MI 49802
      View Details
    • $114,000
      102 SF

      Kingsford Industrial Property - $114K

      Versatile Kingsford Commercial Space, Great Location
      1111 Carpenter Ave, Kingsford, MI 49802
      View Details
    • $445,000
      17,170 SF

      Kingsford Industrial Space - Huge Potential

      Versatile 17,170 sq ft industrial building on 2.62 acres
      Kingsford, MI 49802
      View Details
    • $450,000
      188,000 SF

      Tbd Hooper, Kingsford, MI 49802

      Industrial properties • 188,000 SF
      Tbd Hooper, Kingsford, MI 49802
      View Details
    • $119,900
      12,000 SF

      Kingsford Industrial Building - Huge Potential

      12,000 sq ft, prime Woodward Ave location.
      375 Woodward Ave, Kingsford, MI 49802
      View Details

    FAQs

    What type of property is this?
    Industrial property - Established Auto Shop, High Traffic Location
    Where is this industrial property located?
    The property is located at 941 Carpenter Ave Kingsford, MI.
    What is the asking price?
    The asking price for this property is $240,000.
    (906) 396-5428
    Request Owner's contact information
    941 Carpenter Ave Kingsford, MI 49802
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    941 Carpenter Ave
    Kingsford, MI 49802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    941 Carpenter Ave Kingsford, MI 49802
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    CHASE ERICKSON
    CHASE ERICKSON
    Real Estate License ID: UPAR
    (906) 396-5428 (715) 528-3280
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!