Building Details

Building Size 8,320 SF

Year Built 2014

Listed By: Nathan Fitzgibbons · License #02244861 (CA) Show Phone

Source: Matthews

Added: Jul 18 Changed: Oct 13 Last Checked: Oct 19 at 3:14AM

Report an Issue

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 Nathan Fitzgibbons

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This for-sale retail storefront property is listed under commercial real estate with a focus on retail use. It presents as a storefront-style asset suitable for businesses seeking a dedicated retail presence.

The property is located at 616 S Carpenter Ave in Kingsford, Michigan. The listing is offered as a retail-oriented commercial opportunity.

Additional details such as building size, layout, condition, and specific tenant or unit configuration were not provided.

Key Highlights

• Retail storefront property for sale in Kingsford, MI
• Built in 2014

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,060

Cap Rate

7.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,501,200 $1.5M

Cap Rate 7%

$1,072,286 $1.1M

Cap Rate 9%

$834,000 $834.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,320 SF

Gross rent

$119.8K $14.40/SF

− Vacancy

−$12.6K −$1.51/SF

EGI

$107.2K $12.89/SF

− OpEx

−$32.2K −$3.87/SF

NOI

$75.1K $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%

$1,501,200

Cap Rate 7%

$1,072,286

Cap Rate 9%

$834,000

Alternative Uses

Best Use

Retail

$1.07M

$938.3K – $1.25M (±1% cap)

NOI $75,060 @ 7.0% cap · market cap 7.35%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,284 @ 7.0% cap · market cap 10.99%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Restaurant Law Firm Hair Salon HVAC Service Skin Care Clinic Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

462

Businesses Nearby

31k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Dining 34% Home Improvements & Furnishings 12% Groceries 3%

Kwik Trip Shops & Services

9,119 visits/mo 0.2 miles

Burger King Dining

5,640 visits/mo 0.0 miles

Family Dollar Shops & Services

5,076 visits/mo 0.2 miles

SUBWAY Dining

3,996 visits/mo 0.1 miles

Kingsford Ace Home Improvements & Furnishings

3,816 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Renovated Storefront with Commercial Kitchen

393 Woodward Avenue, Kingsford, MI 49802

$189,900

2,175 SF

View details

Two-Story Retail and Service Building

1101 West Breen Avenue, Kingsford, MI 49802

$1,100,000

6,456 SF

View details

Industrial Warehouse with Loading Docks

1025 Pyle Drive, Kingsford, MI 49802

$1,200,000

15,260 SF

View details

Flex Space with Retail Frontage

212 S Carpenter Avenue, Kingsford, MI 49802

$349,900

5,000 SF

View details

Frequently Asked Questions

What type of property is this?

Storefront property - Retail storefront property offered for sale in Kingsford, MI.

Where is this storefront property located?

The property is located at 616 S Carpenter Ave Kingsford, MI.

What is the asking price?

The asking price for this property is $1,021,538.

What are key features of this property?

This property features: Retail storefront property for sale in Kingsford, MI; Built in 2014