Established Lounge and
New
For Sale
$1,600,000
123 W Chisholm Street, Alpena, MI 49707
Commercial Sale, Alpena, MI
Property Size10,820 SF
Lot Size0.14 Acres
Price / SF$147.87
Days on Market3
Property Features for 123 W Chisholm Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
retail
Parking features
Parking Lot
Subdivision
Lot9
Directions
On US23 (Chisholm st) between 2nd and 3rd
Standard status
Active
APN
093-637-000-140-00
Size
10,820 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
123 W. CHISHOLM ST. NWLY 44 FT OF LOT 9 BLK 4 OF THE VILLAGE NOW CITY, (TIF-DDA)
Legal Description
123 W. CHISHOLM ST. NWLY 44 FT OF LOT 9 BLK 4 OF THE VILLAGE NOW CITY, (TIF-DDA)
Utilities
Sewer type
Public Sewer
Building Details
Floors in Building
2
Listing Agency:
Forty Five North Real Estate
(989) 340-1470
Listed By:
Laura Shearer
(248) 444-2753
Added: Sep 1
Last Checked: Sep 3 at 8:06AM
MLS# 201842556
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located at 123 W Chisholm Street in Alpena, this commercial property combines an operating lounge business with real estate. The offering includes furnishings, fixtures, equipment, and opportunities for inventory, along with liquor licensing. The interior supports cocktail and wine service, private gatherings, and events, with additional retail and hospitality space.
The property occupies 0.14 acres and is designated retail zoning. A parking lot provides on-site parking, and the site is served by public sewer. The established Rusty's Corks & Cocktails business is included in the offering, with the business and building also identified as separately saleable.
The property occupies 0.14 acres and is designated retail zoning. A parking lot provides on-site parking, and the site is served by public sewer. The established Rusty's Corks & Cocktails business is included in the offering, with the business and building also identified as separately saleable.
Key Highlights
- Established Rusty's Corks & Cocktails business included
- Commercial property at 123 W Chisholm Street, Alpena, MI 49707
- 0.14 acres with retail zoning
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Apparel 18%
Shops & Services 16%
Hotels & Casinos 14%
Save-A-Lot
Groceries
7,000 visits/mo
0.2 miles
Glik's
Apparel
3,710 visits/mo
0.2 miles
Holiday Inn Express & Suites Alpena - Downtown
Hotels & Casinos
2,860 visits/mo
0.1 miles
BIGGBY COFFEE
Dining
2,673 visits/mo
0.2 miles
PNC Bank
Shops & Services
1,908 visits/mo
0.1 miles
Demographics for 49707, MI
22,243
Population
11,974
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
215.4 sq mi
ZIP Area
103
Density / Sq Mi
$50,699
Median Household Income
$32,208
Median Earnings
$642
Median Rent
$134,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Black Sheep Pub — 113 S 2nd Ave, Alpena, MI 49707
- Rusty Petunias Marketplace — 123 W Chisholm St, Alpena, MI 49707
- Cabin Creek Coffee — 201 N 2nd Ave, Alpena, MI 49707
- Latitudes Tavern — 307 W Chisholm St, Alpena, MI 49707
- Player's Pub & Grub — 113 S 9th Ave, Alpena, MI 49707
Frequently Asked Questions
What type of property is this?
Bar & Pub - Hospitality property with event, retail, and private gathering areas, plus furnishings, equipment, and liquor licensing.
Where is this bar & pub located?
The property is located at 123 W Chisholm Street Alpena, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Established Rusty's Corks & Cocktails business included; Commercial property at 123 W Chisholm Street, Alpena, MI 49707; 0.14 acres with retail zoning
