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    3216 S Us Highway 23 Alpena, MI 49707

    Sponsored
    For Sale
    $499,900

    COMMERCIAL - Alpena, MI

    Property size:
    1,054 SF
    Lot size:
    4.60 Acres
    Days on Market:
    27
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 3216 S Us Highway 23

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2
    APN
    011-004-000-126-00 AND 011-004-000-125-00
    Parking features
    Parking Lot
    Basement
    Unfinished, Block, Full
    Size
    1,054 SF
    Lot size
    4.60 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Building materials
    Block

    UpNorth Property Services (989) 354-2535

    Listing agent Grace M. Marshall (989) 354-2535

    Listing date Dec 15, 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

    Commercial Property with Income Potential

    This commercial property in Alpena, MI, presents a multifaceted investment opportunity. It includes a three-bedroom house, currently rented through July with tenant occupancy rights for the lease term. An auto repair facility is also present and currently rented. A six-unit storage facility is on-site and currently generating rental income, with ample space available for constructing additional storage units. The property benefits from high visibility, with the last highway count exceeding 10,000 vehicles per day. The property is zoned B-2. The property has 4.6 acres. The property includes 1054 square feet of space. This property offers diverse income streams and business possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Clothing Store Pharmacy Auto Repair Shop Wholesale Shop Hotel & Motel Kitchen & Bath

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

    Similar Places Nearby

    Steve's Repair, Harborside Tint Co., Reflex Spray On Truck Liners, Bobs muffler and Auto repair

    Location Insight

    • Map
    • Local Demand
    City
    Alpena
    County
    Alpena
    State
    Michigan
    Longitude
    -83.465771
    Latitude
    45.026617

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    FAQs

    What type of property is this?
    Auto shop - Mixed-use property featuring auto repair, storage units, and residential rental.
    Where is this auto shop located?
    The property is located at 3216 S Us Highway 23 Alpena, MI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Highway frontage with high traffic count (10,000+ per day) offers **excellent business exposure**.; - Existing auto repair facility provides **immediate business opportunity**.; - Includes a three-bedroom house, suitable for living or renting.
    (989) 354-2535
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    3216 S Us Highway 23 Alpena, MI 49707
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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
    3216 S Us Highway 23 Alpena, MI 49707
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