Mixed-Use Live-Work
W 309 W Main Street Unit SourceFi Kingsley, MI 49649
W 309 W Main Street Unit SourceFi, Kingsley, MI, 49649
$229,000
For Sale
$229,000
Mixed-use building with about 75 feet of frontage on M-113 and reported daily traffic over 6,600 vehicles.
Property Size800 SF
Price / SF$286.25
Days on Market24
Property Features for W 309 W Main Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1952
Listing Agency
REMAX Bayshore - West Shore Dr TC
(906) 231-9017
Listed by
Jeremy Fenske
(906) 231-9017
Source
Xome
Added: Jun 27 Updated: Jul 19 at 2:06 am Checked: Jul 20 at 1:44 am
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 REMAX Bayshore - West Shore Dr TC
Investment Insights
Based on property information with market context.
This mixed-use property includes an existing building with layout flexibility, with options described as supporting a business and second-floor living, as well as income-producing or creative live-work use. The site is presented as a place to adapt the current structure to the next use for an owner-operator or investor.
The property is located in the center of Kingsley’s growing commercial district and sits within the Kingsley DDA (Downtown Development Authority). It offers approximately 75 feet of frontage on M-113 with average daily traffic reported at more than 6,600 vehicles, providing visibility along the corridor. The rear of the property backs up to Kingsley Creek and Kingsley Veterans Park, and Kingsley Community Schools are described as being about one block away.
Overall, the combination of prominent frontage, a mixed-use building, and supportive downtown context makes this a solid consideration for buyers seeking a property that can be tailored to business-with-living or other creative configurations.
The property is located in the center of Kingsley’s growing commercial district and sits within the Kingsley DDA (Downtown Development Authority). It offers approximately 75 feet of frontage on M-113 with average daily traffic reported at more than 6,600 vehicles, providing visibility along the corridor. The rear of the property backs up to Kingsley Creek and Kingsley Veterans Park, and Kingsley Community Schools are described as being about one block away.
Overall, the combination of prominent frontage, a mixed-use building, and supportive downtown context makes this a solid consideration for buyers seeking a property that can be tailored to business-with-living or other creative configurations.
Key Highlights
- Mixed‑use property with about 75 ft of frontage on M‑113
- Reported average daily traffic over 6,600 vehicles on M‑113
- Year built: 1952
Local Financial Insights For Office B
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 | $13.4k | $16.80 |
| − Vacancy | −$2.0k | −$2.52 |
| EGI | $11.4k | $14.28 |
| − OpEx | −$2.9k | −$3.57 |
| NOI | $8.6k | $10.71 |
800 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$122.4K
$107.1K – $142.8K
NOI $8,568 @ 7.0% cap · market cap 3.74%
Second Best
Mixed Use
$97.5K
$85.3K – $113.8K
NOI $6,825 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Paradise Tattoo Studio
Tattoo & Piercing Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Mixed-use building with about 75 feet of frontage on M-113 and reported daily traffic over 6,600 vehicles.
Where is this live-work space located?
The property is located at W 309 W Main Street Unit SourceFi Kingsley, MI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Mixed‑use property with about 75 ft of frontage on M‑113; Reported average daily traffic over 6,600 vehicles on M‑113; Year built: 1952
