Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1001 S State Ave Alpena, MI 49707

    New
    For Sale
    $150,000

    COMMERCIAL - Alpena, MI

    Days on Market:
    5
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1001 S State Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMERCIAL
    APN
    093-427-000-682-00
    Parking features
    Parking Lot

    Real Estate One of Alpena (989) 354-7653 [email protected]

    Listing agent Lori Stephan (989) 657-2709

    Listing date Dec 1, 2025

    Copyright © 2025 Water Wonderland Board 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.

    Overview

    Turnkey Restaurant Opportunity in Alpena

    This property presents an opportunity for entrepreneurs to establish a takeout restaurant in a high-traffic area. Situated across the street from the public beach, the location offers exposure to pedestrian and vehicular traffic. The property includes a three-car garage that could be utilized for various purposes. The location is surrounded by offices, retail shops, and residential buildings, positioning it to attract a diverse customer base. The property is zoned commercial and located in Alpena, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hungry Hippie Fast Food Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alpena
    County
    Alpena
    State
    Michigan
    Longitude
    -83.445006
    Latitude
    45.05034

    Nearby Similar for Sale

    • $179,000

      Versatile Commercial Property with Apartment

      Commercial property with retail, warehouse, and apartment in Alpena.
      4782 Werth Rd, Alpena, MI 49707
      View Details
    • $299,500
      6,044 SF

      High-Visibility Commercial Building in Alpena

      6044 sq ft commercial building with high traffic visibility.
      612 S Ripley Blvd, Alpena, MI 49707
      View Details
    • $220,000

      Office Building on 10 Acres

      Office building or residence with business potential on 10 acres.
      2486 Bloom Rd, Alpena, MI 49707
      View Details
    • $259,000
      2,465 SF

      Alpena Ranch Duplex For Sale

      Two-unit ranch duplex with handicap access and separate utilities.
      386 S Brooke St, Alpena, MI 49707
      View Details
    • $99,900
      Pending

      Classic Diner on Major Thoroughfare

      Revitalize a classic 1950s diner with high traffic exposure.
      3023 Us Highway 23 S, Alpena, MI 49707
      View Details
    • $295,000

      Spacious Brick Home Near Lake

      Four-bedroom home near Lake Huron, schools, and shopping.
      185 S June St, Alpena, MI 49707
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - High-visibility takeout restaurant location near public beach in Alpena.
    Where is this turn key restaurant located?
    The property is located at 1001 S State Ave Alpena, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Directly across the street from a public beach.; - High-visibility location on a busy corner.; - Ideal for a takeout restaurant business.
    (989) 657-2709
    Request Owner's contact information
    1001 S State Ave Alpena, MI 49707
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1001 S State Ave
    Alpena, MI 49707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 S State Ave Alpena, MI 49707
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.