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

    701 Pinecrest St Alpena, MI 49707

    For Sale
    $675,000

    Spacious building, 18,373 sq ft, 20 acres.

    Property size:
    18,373 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property, located at 701 Pinecrest Street in Alpena, Michigan, presents a unique investment opportunity. The substantial 18,373 square foot building sits on a sprawling 20-acre parcel, offering significant potential for redevelopment or continued use. Previously utilized as the Oxbow School, the structure boasts a thoughtfully designed layout featuring expansive rooms, a sizable kitchen area, and a gymnasium adaptable to various purposes. Built-in bleachers and chairs remain, along with a designated library area suitable for gatherings or specialized functions. Ample storage space is available throughout the building. The property also includes a dedicated play area and extensive parking, capable of accommodating over 175 vehicles, providing further development possibilities. Its strategic location near established medical facilities and other commercial complexes enhances its appeal and accessibility. The asking price for this remarkable property is $675,000. This presents a rare chance to acquire a large-scale commercial building with significant acreage in a desirable Alpena location. The property's versatility and size make it suitable for a wide range of commercial ventures.

    Property Features for 701 Pinecrest St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    18,373 SF
    Lot Size
    871,200 SF

    Building Details

    Year Built
    1973
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpena
    County
    Alpena
    State
    Michigan
    Longitude
    -83.46517
    Latitude
    45.08218

    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
    • $150,000

      Turnkey Restaurant Opportunity in Alpena

      High-visibility takeout restaurant location near public beach in Alpena.
      1001 S State Ave, Alpena, MI 49707
      View Details
    • New
      $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

    FAQs

    What type of property is this?
    Commercial real estate - Spacious building, 18,373 sq ft, 20 acres.
    Where is this commercial real estate located?
    The property is located at 701 Pinecrest St Alpena, MI.
    What is the asking price?
    The asking price for this property is $675,000.
    (989) 356-1177
    Request Owner's contact information
    701 Pinecrest St 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.
    701 Pinecrest St
    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
    701 Pinecrest St 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.