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    Alpena, MI 49707

    Sponsored
    For Sale
    $349,500

    Build Your Dream Business - Double Lot!

    Property size:
    768 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    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 Features for

    General Information

    Property type
    Other commercial real estate
    Square Feet
    768 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Alpena
    County
    Alpena
    State
    Michigan
    Longitude
    -83.4681
    Latitude
    45.0765

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    FAQs

    What type of property is this?
    Commercial real estate - Build Your Dream Business - Double Lot!
    Where is this commercial real estate located?
    The property is located at Alpena, MI.
    What is the asking price?
    The asking price for this property is $349,500.
    (989) 356-1177
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    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
    Alpena, MI 49707
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