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    3046 M-32 Alpena, MI 49707

    Sponsored
    For Sale
    $189,900

    Prime Alpena location, large building, high visibility.

    Property size:
    3,760 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 3046 M-32 in Alpena, Michigan, offers 3,760 square feet of versatile space on a 9.1-acre lot. The building presents a significant opportunity for a variety of businesses, including offices, clubhouses, nurseries, retail outlets, or restaurants (with existing bar equipment). Its prominent location boasts over 300 feet of frontage on M-32, ensuring high visibility and accessibility. The property benefits from a newly installed roof in 2024, minimizing immediate maintenance concerns. The expansive 9.1-acre lot provides ample room for future expansion or additional development, catering to growth and potential diversification. The asking price reflects a substantial reduction from the original listing, presenting a compelling investment opportunity. This property's size, location, and recent improvements make it an attractive proposition for discerning buyers seeking a substantial commercial presence in Alpena. Don't miss this chance to acquire a well-situated, versatile building with significant potential. Serious inquiries are encouraged.

    Property Features for 3046 M-32

    General Information

    Property type
    Investment properties
    Square Feet
    3,760 SF
    Lot Size
    396,396 SF

    Building Details

    Year Built
    2018
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Alpena
    County
    Alpena
    State
    Michigan
    Longitude
    -83.47075
    Latitude
    45.06165

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    FAQs

    What type of property is this?
    Investment property - Prime Alpena location, large building, high visibility.
    Where is this investment property located?
    The property is located at 3046 M-32 Alpena, MI.
    What is the asking price?
    The asking price for this property is $189,900.
    (989) 356-1177
    Request Owner's contact information
    3046 M-32 Alpena, MI 49707
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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
    3046 M-32 Alpena, MI 49707
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