Building Details

Year built 1988

Buildings 1

Listing Agency: STEPHENS REAL ESTATE i***@stephens.realestate Show Phone

Listed By: TAYLOR LINDHOLM Show Phone

Added: Oct 23 Last Checked: Oct 24 at 9:06AM

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MLS# 50225845

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.

At 410 North Boulevard in Kingsford, this 8,000-square-foot manufacturing property combines office space with a working shop. The 1.01-acre site includes a building constructed in 1988, with forced-air heating and public water. The property is offered with Harvey's Pattern Works, which has produced industrial patterns for foundries since 1979, along with operating equipment, a forklift, and a company truck.

Commercial zoning and the existing office-and-production layout are part of the offering. The property is in Dickinson County, Michigan.

Key Highlights

• 8,000‑square‑foot building on a 1.01‑acre lot
• Sale includes Harvey's Pattern Works, an industrial pattern producer serving foundries since 1979
• Office and production shop in one facility

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,637

Cap Rate

4.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$792,740 $792.7K

Cap Rate 7%

$566,243 $566.2K

Cap Rate 9%

$440,411 $440.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$58.8K $7.35/SF

− Vacancy

−$2.2K −$0.27/SF

EGI

$56.6K $7.08/SF

− OpEx

−$17.0K −$2.12/SF

NOI

$39.6K $4.95/SF

Area

Dickinson County, MI

Vacancy

3.70%

Lease Rate

$7.35 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$792,740

Cap Rate 7%

$566,243

Cap Rate 9%

$440,411

Alternative Uses

Best Use

Industrial

$566.2K

$495.5K – $660.6K (±1% cap)

NOI $39,637 @ 7.0% cap · market cap 4.18%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,965 @ 7.0% cap · market cap 11.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Restaurant Law Firm Real Estate Agency Spa & Massage Center Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

366

Businesses Nearby

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - The sale includes an operating pattern-making business, production equipment, a forklift, and a company truck.

Where is this manufacturing property located?

The property is located at 410 North Boulevard Kingsford, MI.

What is the asking price?

The asking price for this property is $949,000.

What are key features of this property?

This property features: 8,000‑square‑foot building on a 1.01‑acre lot; Sale includes Harvey's Pattern Works, an industrial pattern producer serving foundries since 1979; Office and production shop in one facility