Downtown Alden Commercial
For Sale
$450,000
9160 Helena Road, Alden, MI 49612
Commercial building in downtown Alden, near Torch Lake.
Property Size3,315 SF
Lot Size0.15 Acres
Price / SF$135.75
Days on Market780
Property Features for 9160 Helena Road
General Information
Standard status
Active
Size
3,315 SF
Lot size
0.15 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1900
Listing Agency:
REMAX Of Elk Rapids
(231) 264-5400
Listed By:
Donald C Fedrigon · License #6502117560
(231) 264-5400
Source:
Exitrealty
Added: Jun 18, 2024
Changed: Jul 10
Last Checked: Jul 28 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Of Elk Rapids
Investment Insights
Based on property information with market context.
This commercial building is located in downtown Alden, near Torch Lake. The property features oak wood floors, a commercial kitchen, restrooms, an upgraded septic system, a basement, and attic storage. The interior has a cottage vibe. The building could potentially house multiple businesses with partitioning. The property is situated in a four-season community. The building size is 3315 square feet.
Key Highlights
- Prime downtown Alden location, near Torch Lake
- Commercial kitchen included
- Upgraded septic system
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $15.48 |
| − Vacancy | −$2.2k | −$0.65 |
| EGI | $49.2k | $14.83 |
| − OpEx | −$14.7k | −$4.45 |
| NOI | $34.4k | $10.38 |
3,315 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$491.6K
$430.2K – $573.6K
NOI $34,413 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.9K
$516.2K – $688.3K
NOI $41,295 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
933
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Alden True Value Hardware
Home Improvements & Furnishings
933 visits/mo
0.3 miles
Demographics for 49612, MI
1,163
Population
864
Households
1.3
Avg Household Size
56
Median Age
48%
College-Educated
97%
High-School Grad
24.9 sq mi
ZIP Area
47
Density / Sq Mi
$84,643
Median Household Income
$45,820
Median Earnings
$858
Median Rent
$252,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building in downtown Alden, near Torch Lake.
Where is this storefront property located?
The property is located at 9160 Helena Road Alden, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime downtown Alden location, near Torch Lake; Commercial kitchen included; Upgraded septic system
