Alpena, MI 49707
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.