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    1486 N M-76 Alger, MI 48610

    For Sale
    $199,000

    Manufacture/Warehouse,Retail Store - Alger, MI

    Property size:
    1,934 SF
    Lot size:
    0.61 Acres
    Days on Market:
    184
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 1486 N M-76

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Other
    Rooms
    Basement, Bathroom 1
    Bathrooms
    1
    Basement Y/N
    1
    Size
    1,934 SF
    Lot size
    0.61 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1957
    Building materials
    Block
    Roof type
    Asphalt
    Architectural style
    Other

    Morris Richardson Real Estate (989) 345-2828 [email protected]

    Listing agent YVONNE DEROSO (989) 345-2828

    Listing date Jun 5, 2025

    MLS# 1934754 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building on M-76

    This mixed-use building, situated in a visible location on M-76 in Alger, Michigan, offers potential for retail and manufacturing businesses. The property includes a block building of approximately 1934 square feet and a connecting machine shop of approximately 1812 square feet. The retail space features high ceilings with overhead lighting and insulated garage door panels. It has a steel entry door with sidelights and a 10x10 overhead door. There is a walk-through to a kitchenette and half bath, leading to the machine shop office. The machine shop is divided into two sections, one with a 15 ft ceiling and the other with a 12 ft ceiling. It has double overhead doors (10x12) and a larger 14x14 door at the front. The building is equipped with an indoor wood furnace with a propane furnace backup and 3-phase electric. An additional 720 sq ft building is available for storage. The property covers a significant portion of the block, excluding the lots with the two houses fronting Joy Street. The property is located in Arenac County and has 0.61 acres.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Alger
    County
    Arenac
    State
    Michigan
    Longitude
    -84.121398
    Latitude
    44.126548

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    FAQs

    What type of property is this?
    Retail space - Mixed-use building with retail and manufacturing potential in Alger, MI.
    Where is this retail space located?
    The property is located at 1486 N M-76 Alger, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - High-visibility location on M-76 in Alger.; - Large mixed-use building with approximately 3746 sq ft (1934 sq ft retail + 1812 sq ft machine shop).; - Machine shop features high ceilings (15 ft and 12 ft) and multiple large overhead doors (10x12, 14x14).
    (989) 345-2828
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    1486 N M-76 Alger, MI 48610
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    Alger, MI 48610
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    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
    1486 N M-76 Alger, MI 48610
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