Two-Story Retail and Service
For Sale
$1,100,000
1101 West Breen Avenue, Kingsford, MI 49802
Historic two-story commercial building with concrete floors, delivery area, and showroom space on a lot with 125-foot frontage.
Property Size6,456 SF
Lot Size0.29 Acres
Price / SF$170.38
Days on Market436
Property Features for 1101 West Breen Avenue
General Information
Standard status
Active
Size
6,456 SF
Lot size
0.29 Acres
Additional Details
Business Included
Yes
Utilities to Site
Yes
Amenities
private restrooms
showroom space
basement storage
delivery door and area
Building Details
Year Built
1928
Stories
2
Listing Agency:
GREAT LAKES & LAND OF MARQUETTE, INC.
Listed By:
PATRICK MURRA
(906) 396-7758
Source:
Exprealty
Added: Aug 15, 2025
Changed: Oct 6
Last Checked: Oct 23 at 8:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GREAT LAKES & LAND OF MARQUETTE, INC.
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Investment Insights
Based on property information with market context.
This two-story commercial building, built in 1928, offers approximately 6,456 square feet of versatile business space on a 0.29-acre lot with 125 feet of frontage. The property features concrete flooring, natural gas heating with forced air, and 220-volt electrical power. Interior amenities include a delivery door and area, private restrooms, showroom space, and basement storage.
The building is currently used as an industrial supply business and has historically served foundries and paper mills, with products including furnaces, air conditioning systems, mining supplies, and related equipment. Public utilities are connected, including public water, sewer, natural gas, electricity, cable internet, and telephone, supporting ready-to-operate functionality.
Business and real estate inventory are included, making the property a turnkey option for a buyer looking to take over an established operation and use the existing layout for retail, service, or light industrial activity with space to expand within the same building.
The building is currently used as an industrial supply business and has historically served foundries and paper mills, with products including furnaces, air conditioning systems, mining supplies, and related equipment. Public utilities are connected, including public water, sewer, natural gas, electricity, cable internet, and telephone, supporting ready-to-operate functionality.
Business and real estate inventory are included, making the property a turnkey option for a buyer looking to take over an established operation and use the existing layout for retail, service, or light industrial activity with space to expand within the same building.
Key Highlights
- 6,456 SF two‑story historic commercial building on a 0.29‑acre lot
- 125‑foot frontage on West Breen Avenue in Kingsford
- Concrete floors, delivery door and delivery area, plus showroom space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,243
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
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
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 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 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,128 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Showroom - Historic two-story commercial building with concrete floors, delivery area, and showroom space on a lot with 125-foot frontage.
Where is this showroom located?
The property is located at 1101 West Breen Avenue 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: 6,456 SF two‑story historic commercial building on a 0.29‑acre lot; 125‑foot frontage on West Breen Avenue in Kingsford; Concrete floors, delivery door and delivery area, plus showroom space
