Mixed-Use Building with Live-Work
For Sale
$214,900
309 W Main Street, Kingsley, MI 49649
Commercial, Kingsley, MI
Property Size800 SF
Lot Size0.23 Acres
Price / SF$268.63
Days on Market98
Property Features for 309 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Exterior features
Vinyl, Brick, Stucco/Drivit
Lot features
Freestanding
Directions
One block west of the intersection of M-113/Main Street and Brownson Avenue/Garfield Road.
Subdivision
Grand Traverse
Standard status
Active
Size
800 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
LOT 2 & E 1/2 OF LOT 3 BLK 4 VILLAGE OF PARADISE.
Tax Annual Amount
1356
Legal Description
LOT 2 & E 1/2 OF LOT 3 BLK 4 VILLAGE OF PARADISE.
Building Details
Building materials
Block, Frame
Roof type
Asphalt
Listing Agency:
REMAX Bayshore - West Shore Dr TC · RE/MAX International
(231) 941-4500
Listed By:
Jeremy Fenske · License #6501453481
(906) 231-9017
Added: Jul 1
Changed: Aug 19
Last Checked: Oct 6 at 3:06PM
MLS# 1947450
Copyright © 2026 Northern Great Lakes Realtors MLS. 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 mixed-use property includes an 800-square-foot building on a 0.23-acre parcel. The structure uses block and frame construction, with vinyl, brick, and stucco/Drivit exterior components beneath an asphalt roof. The property is identified for mixed-use and live-work applications, including the possibility of combining a business with second-floor living.
The site has 75 feet of frontage along M-113, where average daily traffic exceeds 6,600 vehicles. It is within the Kingsley Downtown Development Authority district and backs to Kingsley Creek and Kingsley Veterans Park. Kingsley Community Schools are one block away, while Traverse City is approximately 20 minutes from the property.
The site has 75 feet of frontage along M-113, where average daily traffic exceeds 6,600 vehicles. It is within the Kingsley Downtown Development Authority district and backs to Kingsley Creek and Kingsley Veterans Park. Kingsley Community Schools are one block away, while Traverse City is approximately 20 minutes from the property.
Key Highlights
- 800 square feet on a 0.23‑acre parcel
- 75 feet of frontage on M‑113
- Average daily traffic counts exceed 6,600 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,568
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,360
$171.4K
Cap Rate 7%
$122,400
$122.4K
Cap Rate 9%
$95,200
$95.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$13.4K $16.80/SF
− Vacancy
−$2.0K −$2.52/SF
EGI
$11.4K $14.28/SF
− OpEx
−$2.9K −$3.57/SF
NOI
$8.6K $10.71/SF
Area
Grand Traverse County, MI
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,360
Cap Rate 7%
$122,400
Cap Rate 9%
$95,200
Alternative Uses
Best Use
Office B
$122.4K
$107.1K – $142.8K
NOI $8,568 @ 7.0% cap · market cap 3.99%
Second Best
Mixed Use
$97.5K
$85.3K – $113.8K
NOI $6,825 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 49649, MI
6,919
Population
2,639
Households
2.6
Avg Household Size
38
Median Age
24%
College-Educated
93%
High-School Grad
110.5 sq mi
ZIP Area
63
Density / Sq Mi
$73,021
Median Household Income
$37,001
Median Earnings
$1,041
Median Rent
$246,900
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Compact commercial property with M-113 exposure, nearby park and creek frontage, and stated potential for integrated business and residential use.
Where is this mixed-use property located?
The property is located at 309 W Main Street Kingsley, MI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 800 square feet on a 0.23‑acre parcel; 75 feet of frontage on M‑113; Average daily traffic counts exceed 6,600 vehicles
