Retail Building with
212 S Carpenter Avenue Kingsford, MI 49802
For Sale
$349,900
COMMERCIAL - Kingsford, MI
Property Size5,000 SF
Lot Size1.34 Acres
Price / SF$69.98
Days on Market114
Property Features for 212 S Carpenter Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Offsite, Parking Lot
Security features
Security Lighting
Exterior features
Security Lighting, Wheelchair Access
Accessibility
Accessible Approach with Ramp
Standard status
Active
Size
5,000 SF
Lot size
1.34 Acres
Taxes and HOA fees
Tax Annual Amount
11196
Utilities
Heating system
Wall Furnace, Forced Air
Cooling system
Central Air, Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Year built
1940
Roof type
Metal
Listing Agency:
LEEDS REAL ESTATE
(906) 779-5333
Listed By:
LINDA PLUMLEY · License #UPAR
(906) 396-9737
Added: Apr 7
Changed: Jul 28
Last Checked: Jul 29 at 10:06PM
MLS# 50205628
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 commercial property includes a front finished retail area totaling 2,500 square feet with large windows and an open floor plan, along with a heated back 2,500 square feet storage section. The back area is designed for deliveries with double doors and includes a walk-in freezer space. Additional improvements include a private back office with a half bath and prep room, as well as air conditioning, a walk-in cooler, and a kitchen.
The site offers 487 feet of frontage along Carpenter Avenue (M-95) and includes blacktopped, well-lit parking. There are two convenient access points off M-95 and prominent two-pole advertising signs.
Restrooms are provided with a his-and-her layout, and there is also an expansive open area that can support retail or dining setups. The shelving and various fixtures are negotiable. The air compressor is not included but is negotiable.
The site offers 487 feet of frontage along Carpenter Avenue (M-95) and includes blacktopped, well-lit parking. There are two convenient access points off M-95 and prominent two-pole advertising signs.
Restrooms are provided with a his-and-her layout, and there is also an expansive open area that can support retail or dining setups. The shelving and various fixtures are negotiable. The air compressor is not included but is negotiable.
Key Highlights
- 487 ft frontage on Carpenter Ave (M‑95) on 1.38 acres, owning half a block with 2 access points off M‑95
- 5,000 sq. ft. building (1940) with metal roof, offsite parking in a blacktopped, well‑lit parking lot
- Heated back 2,500 sq. ft. storage with high ceilings, double doors for deliveries, and walk‑in freezer space
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 | $36.8k | $7.35 |
| − Vacancy | −$1.6k | −$0.32 |
| EGI | $35.1k | $7.03 |
| − OpEx | −$5.3k | −$1.05 |
| NOI | $29.9k | $5.97 |
5,000 SF · lease $7.35/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Retail
$644.4K
$563.9K – $751.8K
NOI $45,108 @ 7.0% cap · market cap 12.89%
Second Best
Warehouse
$426.6K
$373.3K – $497.7K
NOI $29,863 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$964.0K
$843.5K – $1.12M
NOI $67,478 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with finished showroom area plus heated back storage featuring double delivery doors and walk-in freezer.
Where is this retail space located?
The property is located at 212 S Carpenter Avenue Kingsford, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 487 ft frontage on Carpenter Ave (M‑95) on 1.38 acres, owning half a block with 2 access points off M‑95; 5,000 sq. ft. building (1940) with metal roof, offsite parking in a blacktopped, well‑lit parking lot; Heated back 2,500 sq. ft. storage with high ceilings, double doors for deliveries, and walk‑in freezer space
