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    Alpena, MI Drive Through Restaurants for Sale

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    Crittenden, KY Presque Isle, MI Herron, MI
    Alpena Freestanding Wendy’s Investment Property
    $2,153,739
    2,907 SF
    Alpena Freestanding Wendy’s Investment Property

    1036 W Chisholm St, Alpena, MI 49707

    Freestanding Wendy’s in Alpena, MI with long-term lease.
    • Long‑term absolute net lease structure provides a passive investment.
    • Operated by a large and established 50+ unit franchisee, Wen‑Well National.
    • Unit ranks in the top third of all Wendy’s locations in Michigan.
    • Low rent to sales ratio of less than seven percent (7%) indicates strong performance.
    • Located in a growing retail market with recent store openings from Aldi and Marshall’s.
    Updated: Feb 4
    View details
    Commercial Lots on Major Thoroughfare
    $185,000
    0.99 Acres
    Commercial Lots on Major Thoroughfare

    930 & 934 W Washington, Alpena, MI 49707

    Commercial lots with high visibility and traffic flow potential.
    • High visibility location on M‑32 with 205 ft of roadway frontage.
    • Zoned CCD (Commercial Corridor District) offering versatile business opportunities.
    • Two large curb cuts to accommodate high traffic flow, ideal for drive‑thru businesses.
    • Ground contamination clean‑up completed by EGLE.
    • Potential EGLE grants available for BEA and mixed‑use development.
    Updated: Jun 26, 2023
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Alpena, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Turnkey Drive-Thru Restaurant
    $199,000
    912 SF
    Turnkey Drive-Thru Restaurant

    Well-equipped ice cream and fast-food business with drive-thru service, offered with furnishings, fixtures, equipment, and inventory.

    2008 Greenwood Road, Prescott, MI 48756

    View details
    Prime Commercial Land in Williamsburg
    $795,000
    1.59 Acres
    Prime Commercial Land in Williamsburg

    1.59-acre commercially-zoned parcel for redevelopment in high-traffic area.

    4220 E M 72, Williamsburg, MI 49690

    View details
    Redevelopment Car Wash and Retail Site
    $795,000
    1.59 Acres
    Redevelopment Car Wash and Retail Site

    1.59-acre commercially zoned parcel with an existing 1998 car wash facility for demolition and redevelopment near US-31 and M-72.

    4220 E M 72, Williamsburg, MI 49690

    View details
    Drive-Through Restaurant Business
    $199,000
    Drive-Through Restaurant Business

    Turnkey ice cream and fast-food drive-thru available with included furnishings, equipment, and inventory.

    Prescott, MI 48756

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Property Near Airport Entrance
    $795,000
    2,900 SF
    Commercial Property Near Airport Entrance

    Commercial property with frontage on three roads, ideal for drive-through.

    1518 & 1520 Bridge, Charlevoix, MI 49720

    View details
    Commercial Land with High Visibility
    $210,000
    8.00 Acres
    Commercial Land with High Visibility

    8-acre commercial land with high visibility and traffic exposure.

    TBD N Clare Avenue, Harrison, MI 48625

    View details
    Corner Commercial Land Near Airport
    $1,150,000
    1.74 Acres
    Corner Commercial Land Near Airport

    Prime commercial land near Cherry Capital Airport and Costco.

    TBD Mitten Drive, Traverse City, MI 49686

    View details
    Retail Building Site in Traverse
    $790,000
    13,348 SF
    Retail Building Site in Traverse

    1.18 acre retail building site in Buffalo Ridge Marketplace.

    Traverse City, MI 49684

    View details

    Alpena, MI Drive Through Restaurants Market Trends and Statistics

    Explore 2 drive through restaurants for sale in Alpena, MI on our real estate platform. These investment opportunities span a total of 2,907 square feet of properties for sale, with an estimated market value of $2,153,739.

    Sale prices for drive-thru businesses in Alpena, MI start at $2,153,739, averaging $2,153,739, and reaching up to $2,153,739 — 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 $1.2M

    Taxes & Financing

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

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