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Storefront Property with Upper-Level Space
For Sale
$800,000

123 W Chisholm Street, Alpena, MI 49707

Commercial Sale, Alpena, MI

Property Size10,820 SF
Lot Size0.14 Acres
Price / SF$73.94
Days on Market26

Property Features for 123 W Chisholm Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning retail
Parking features Parking Lot
Subdivision Lot9
Directions On US23 (Chisholm st) between 2nd and 3rd
Standard status Active
APN 093-637-000-140-00
Size 10,820 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Description 123 W. CHISHOLM ST. NWLY 44 FT OF LOT 9 BLK 4 OF THE VILLAGE NOW CITY, (TIF-DDA)
Legal Description 123 W. CHISHOLM ST. NWLY 44 FT OF LOT 9 BLK 4 OF THE VILLAGE NOW CITY, (TIF-DDA)

Utilities

Sewer type Public Sewer

Building Details

Floors in Building 2
Listing Agency: Forty Five North Real Estate
Listed By: Laura Shearer
Added: Sep 1 Changed: Sep 7 Last Checked: Sep 26 at 9:06AM
MLS# 201842556

Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This storefront property contains 10,820 square feet on a 0.14-acre parcel. The main level features an open layout with storefront exposure, while additional space is located on the upper level. A parking lot provides on-site parking with access at the rear of the building, and the property is served by public sewer.

Located in downtown Alpena at 123 W Chisholm Street, the property offers a substantial commercial footprint within the city’s central business setting. Its multi-level configuration and open primary floor provide a flexible physical framework for retail, office, storage, studio, or event-related uses, subject to applicable zoning and approvals.

Key Highlights

  • 10,820 square feet of total property size
  • 0.14‑acre parcel in downtown Alpena
  • Open main‑level storefront layout

Property Analytics

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Current Use

Edward Jones - Financial ... Financial Advisor Rusty Petunias Marketplace (Bike/Boat/Book/etc) Store Rusty Petunias Indoor ... Golf Course

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Spa & Massage Center Kitchen & Bath Showroom Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 35% Apparel 18% Shops & Services 16% Hotels & Casinos 14%
Save-A-Lot Groceries
7,000 visits/mo 0.2 miles
Glik's Apparel
3,710 visits/mo 0.2 miles
Holiday Inn Express & Suites Alpena - Downtown Hotels & Casinos
2,860 visits/mo 0.1 miles
BIGGBY COFFEE Dining
2,673 visits/mo 0.2 miles
PNC Bank Shops & Services
1,908 visits/mo 0.1 miles

Demographics for 49707, MI

22,243
Population
11,974
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
215.4 sq mi
ZIP Area
103
Density / Sq Mi
$50,699
Median Household Income
$32,208
Median Earnings
$642
Median Rent
$134,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Classic Designs by Doreen Thomas CF — 106 Water St, Alpena, MI 49707

Frequently Asked Questions

What type of property is this?
Storefront property - Open main-level layout with additional upper-level space and on-site parking.
Where is this storefront property located?
The property is located at 123 W Chisholm Street Alpena, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 10,820 square feet of total property size; 0.14‑acre parcel in downtown Alpena; Open main‑level storefront layout
More about this property
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