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    Alpena, MI Breakfast & Diners for Sale

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    Crittenden, KY Presque Isle, MI Herron, MI
    Classic Diner on Major Thoroughfare
    $99,900
    1,250 SF
    Classic Diner on Major Thoroughfare

    3023 US Highway 23 S, Alpena, MI 49707

    Revitalize a classic 1950s diner with high traffic exposure.
    • Prime location on a major thoroughfare with HIGH TRAFFIC EXPOSURE.
    • Strong previous patronage and established reputation as a 1950s‑style diner.
    • Ample parking available.
    • Opportunity to revitalize a classic eatery with ATTRACTIVE CAP RATE potential.
    • Natural gas available.
    Updated: Jan 14, 2025
    View details
    Classic Diner on Highway 23
    $99,900
    1,250 SF
    Classic Diner on Highway 23

    3023 US Highway 23 S, Alpena, MI 49707

    Revitalize a classic 1950s diner with high traffic exposure.
    • Prime location on a major thoroughfare with heavy traffic
    • Ample parking available
    • Solid reputation and strong previous patronage
    • Unique opportunity to revitalize a classic 1950s diner
    • Potential for an attractive CAP rate
    Updated: Mar 11
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Alpena, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Property on M28 Highway
    $295,000
    6,954 SF
    Commercial Property on M28 Highway

    Commercial property with rental income and business opportunities on M28.

    1523 W M28 Highway, Seney, MI 49883

    View details
    Established Diner Business Opportunity
    $799,000
    3,338 SF
    Established Diner Business Opportunity

    Restaurant business with building and parking in Gladwin, Michigan.

    711 N Silverleaf, Gladwin, MI 48624

    View details
    Commercial Property on M28 Highway
    $295,000
    6,954 SF
    Commercial Property on M28 Highway

    Commercial property with rental income and business opportunities on M28.

    1523 W M28, Seney, MI 49883

    View details
    Established Diner with Large Parking
    $799,000
    3,338 SF
    Established Diner with Large Parking

    Well-known diner with a full kitchen and ample parking.

    711 N Silverleaf, Gladwin, MI 48624

    View details

    Alpena, MI Breakfast & Diners Investment Opportunities Market Analysis

    Explore 2 breakfast & diners for sale in Alpena, MI on our real estate platform. These investment opportunities span a total of 2,500 square feet of properties for sale, with an estimated market value of $199,800.

    Sale prices for breakfast & diners in Alpena, MI start at $99,900, averaging $99,900, and reaching up to $99,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Breakfast & diners 2
    Drive through restaurants 2
    Bars & Pubs 1
    Conventional restaurants 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +0.7%
    Median Household Income $50,699
    College Educated 25.7%

    High-Yield Neighborhoods for Investment

    Identify Alpena submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49707 $99.9K

    Taxes & Financing

    Tax Rate (average for all types) 4.00%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Alpena County

    New Delisted

    Total CRE Inventory on Market (SF)

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