Two-Story Flex Space with
For Sale
$675,000
1101 W BREEN Avenue, Kingsford, MI 49802
COM/IND/BUS OPP, Kingsford, MI
Property Size6,456 SF
Lot Size0.29 Acres
Price / SF$104.55
Days on Market397
Property Features for 1101 W BREEN Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Lot features
Main Street
Subdivision
Kingsford (22008)
Standard status
Active
Size
6,456 SF
Lot size
0.29 Acres
Utilities
Heating system
Forced Air
Water source
Public
Amenities
delivery door and area
private restrooms
showroom space
basement storage
Building Details
Year built
1928
Roof type
Metal, Rubber
Listing Agency:
GREAT LAKES & LAND OF MARQUETTE, INC.
(906) 228-9312
Listed By:
PATRICK MURRA
(906) 396-7758
Added: Aug 15, 2025
Changed: Sep 10
Last Checked: Sep 15 at 12:06AM
MLS# 50185337
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.
This two-story flex property contains 6,456 square feet on a 0.29-acre lot and was built in 1928. The building offers concrete floors, forced-air natural gas heating, 220-volt electrical power, a delivery door and receiving area, private restrooms, showroom space, and basement storage. The sale includes the operating business and inventory, along with the commercial real estate.
Located at 1101 W Breen Avenue in Kingsford, the property has 125 feet of frontage and off-street parking. Public water and sewer serve the building, with natural gas, electricity, cable internet, and telephone connections also in place. The metal and rubber roof systems, established utility infrastructure, and flexible interior layout support retail, service, and light industrial applications.
Located at 1101 W Breen Avenue in Kingsford, the property has 125 feet of frontage and off-street parking. Public water and sewer serve the building, with natural gas, electricity, cable internet, and telephone connections also in place. The metal and rubber roof systems, established utility infrastructure, and flexible interior layout support retail, service, and light industrial applications.
Key Highlights
- 6,456‑square‑foot two‑story commercial building on 0.29 acres
- 125 feet of frontage at 1101 W Breen Avenue, Kingsford
- Showroom, delivery door and area, private restrooms, and basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,164,860
$1.2M
Cap Rate 7%
$832,043
$832.0K
Cap Rate 9%
$647,144
$647.1K
Market Conditions
NOI Build-Up for 6,456 SF
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.
Gross rent
$93.0K $14.40/SF
− Vacancy
−$9.8K −$1.51/SF
EGI
$83.2K $12.89/SF
− OpEx
−$25.0K −$3.87/SF
NOI
$58.2K $9.02/SF
Area
Dickinson County, MI
Vacancy
10.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,164,860
Cap Rate 7%
$832,043
Cap Rate 9%
$647,144
Alternative Uses
Best Use
Retail
$832.0K
$728.0K – $970.7K
NOI $58,243 @ 7.0% cap · market cap 8.63%
Second Best
Industrial
$457.0K
$399.8K – $533.1K
NOI $31,987 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,128 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with showroom, delivery area, basement storage, and utility service for retail, service, or light industrial use.
Where is this flex space located?
The property is located at 1101 W BREEN Avenue Kingsford, MI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 6,456‑square‑foot two‑story commercial building on 0.29 acres; 125 feet of frontage at 1101 W Breen Avenue, Kingsford; Showroom, delivery door and area, private restrooms, and basement storage
