612 Ripley Blvd Alpena, MI 49707-4437
This exceptional 6,044 square foot commercial building, situated on a 5.1-acre lot at 612 S Ripley Boulevard in Alpena, Michigan, presents a remarkable investment opportunity. Recently reduced by $100,000, the property is priced at $199,000 and offers significant potential for a variety of businesses. Its high visibility and convenient location ensure high traffic, making it ideal for a range of uses. Previous successful businesses have operated from this building, demonstrating its viability. The space is adaptable and could easily accommodate a pizza restaurant, general store, daycare center, retail establishment, religious organization, or a combination thereof. The building features two bathrooms, a dedicated display area, an office, a mini-kitchen, refrigeration units, and ample storage space, providing a solid foundation for immediate occupancy. The property is subject to township taxes. This is a rare chance to acquire a substantial commercial property in a prime location at a significantly reduced price. Don't miss this opportunity to establish your business or secure a strong addition to your investment portfolio. Act quickly, as this motivated seller is ready to move on.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.