Flex Space with Retail
For Sale
$349,900
212 S Carpenter Avenue, Kingsford, MI 49802
COM/IND/BUS OPP, Kingsford, MI
Property Size5,000 SF
Lot Size1.34 Acres
Price / SF$69.98
Days on Market207
Property Features for 212 S Carpenter Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Offsite
Security features
Security Lighting
Exterior features
Security Lighting, Wheelchair Access
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Main Street, Office Park, D N R/ D E Q Approved, Storm Drains
Subdivision
Kingsford (22008)
Standard status
Active
Size
5,000 SF
Lot size
1.34 Acres
Taxes and HOA fees
Tax Annual Amount
11196
Utilities
Heating system
Forced Air, Wall Furnace
Cooling system
Central Air, Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
air conditioning
walk-in cooler
kitchen
his-and-her restrooms
Building Details
Year built
1940
Roof type
Metal
Buildings
1
Listing Agency:
LEEDS REAL ESTATE
(906) 779-5333
Listed By:
LINDA PLUMLEY · License #UPAR
(906) 396-9737
Added: Apr 7
Changed: Oct 27
Last Checked: Oct 30 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This 5,000-square-foot flex property, built in 1940, combines a finished retail area with substantial back-of-house functionality. The front 2,500 square feet includes large windows, open floor space, a kitchen, walk-in cooler, air conditioning, and separate restrooms. At the rear, a heated 2,500-square-foot storage area offers high ceilings, double doors, and walk-in freezer space, along with a private office, half bath, and prep room.
The property fronts Carpenter Avenue (M-95) with 487 feet of frontage and two access points. A blacktopped parking lot includes security lighting, while two-pole advertising signs provide prominent on-site identification. Additional features include central air, forced-air and wall-furnace heating, wheelchair access with a ramp, a metal roof, and public water.
The property fronts Carpenter Avenue (M-95) with 487 feet of frontage and two access points. A blacktopped parking lot includes security lighting, while two-pole advertising signs provide prominent on-site identification. Additional features include central air, forced-air and wall-furnace heating, wheelchair access with a ramp, a metal roof, and public water.
Key Highlights
- 5,000‑square‑foot flex building with 2,500 square feet of retail and 2,500 square feet of heated storage
- 487 feet of frontage along Carpenter Avenue (M‑95)
- Two access points from M‑95 and a blacktopped parking lot with security lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,863
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,260
$597.3K
Cap Rate 7%
$426,614
$426.6K
Cap Rate 9%
$331,811
$331.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$36.8K $7.35/SF
− Vacancy
−$1.6K −$0.32/SF
EGI
$35.1K $7.03/SF
− OpEx
−$5.3K −$1.05/SF
NOI
$29.9K $5.97/SF
Area
Dickinson County, MI
Vacancy
4.40%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,260
Cap Rate 7%
$426,614
Cap Rate 9%
$331,811
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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
594
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building combining customer-facing space with heated storage and dedicated operational areas.
Where is this flex 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: 5,000‑square‑foot flex building with 2,500 square feet of retail and 2,500 square feet of heated storage; 487 feet of frontage along Carpenter Avenue (M‑95); Two access points from M‑95 and a blacktopped parking lot with security lighting
