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Property profile & analytics
OFF-MARKET
Commercial real estate

Alpena, MI 49707

768 SF
Property ID
Property summary
AI-generated overview

This exceptional Alpena, MI commercial property presents a unique investment opportunity. Spanning a generous double city lot measuring 132 x 140 feet, this 768 square foot parcel is perfectly positioned for a variety of commercial ventures. Imagine a thriving office, convenient store, restaurant, or retail establishment in this high-traffic area. Phase one of development is already complete, providing a solid foundation for your vision. An existing 24 x 32 double-car garage offers ample storage for tools and materials during construction. The property's strategic location offers unparalleled convenience, situated near the courthouse, shopping centers, churches, the boat harbor, and a hospital. This blank canvas awaits your entrepreneurial spirit. The seller is motivated and open to reasonable offers. Don't miss this chance to secure a prime commercial location in a vibrant community. Act quickly to capitalize on this exceptional opportunity. The property is ready for immediate development, offering a streamlined path to realizing your business goals.

Property profile
Verified
Property type Commercial real estate
Total area 768 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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