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2205-2219 US-23, Alpena, MI 49707

Neighborhood center with retail, restaurant, and office space available.

Space Size900 SF - 12,562 SF
Property Size90,979 SF
Days on Market1437

Property Features for 2205-2219 US-23

General Information

Standard status Active
Size 900 SF - 12,562 SF
Class C
Property subtype Retail, Office, Restaurant
Lease Type NNN

Building Details

Building Size 90,979 SF
Tenancy Multiple

Spaces For Lease

at 2205-2219 US-23 Contact us

2205 Suite 112

Size
1,400 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2205 Suite 132

Size
1,400 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2205 Suite 136

Size
8,470 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2215: FLEX or STORAGE

Size
1,500 SF
Type
Retail
Lease Type
NNN
Availability
Active
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2205 Suite 146

Size
12,562 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2205 Suite 150: END-CAP

Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2205 Suite 96

Size
2,550 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2211

Size
1,850 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2205 Suite 108

Size
2,800 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2205 Suite 80

Size
1,480 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2213

Size
1,000 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

2205 Suite 106: END-CAP

Size
900 SF
Type
Office, Retail
Lease Type
Net
Availability
Active
Contact us
Listing Agency: Woodcrest Capital
Listed By: Chase Parten · License #TX 807177
Source: Crexi
Added: Sep 15, 2022 Changed: Aug 17 Last Checked: Aug 20 at 10:15PM

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 Woodcrest Capital

Investment Insights

Based on property information with market context.

Thunder Bay is a neighborhood center with approximately 92,000 square feet, showcasing the historic features of Alpena, Michigan, overlooking Lake Huron’s Thunder Bay. The center offers a variety of retailers and has welcomed a new anchor, Ollie's Bargain Outlet. Available for rent are commercial suites suitable for traditional retail storefronts, restaurants, offices, medical or other professional service providers. A 14,976-square-foot end-cap suite and a 12,562-square-foot space are available, suitable for junior anchors. The ownership is open to working with tenants to offer introductory rates and creative deals. Woodcrest Capital welcomes first-time and franchise businesses with easy-to-read leases and flexible terms. Woodcrest owns and operates Class A centers in busy neighborhoods to centers it’s rehabilitating in struggling rural communities and usually has multiple retail opportunities in the immediate area.

Key Highlights

  • Anchor tenant Ollie's Bargain Outlet now open, driving customer traffic.
  • Available 14,976 SF end‑cap suite and 12,562 SF space ideal for junior anchors.
  • Flexible lease terms and aggressive introductory rates offered by ownership.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Pharmacy Electrical Service Spa & Massage Center Kitchen & Bath Showroom Restaurant Plumbing Service

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

Lease Details

NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

145
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 87% Home Improvements & Furnishings 13%
Marathon Petroleum Shops & Services
2,001 visits/mo 0.3 miles
Fastenal Home Improvements & Furnishings
306 visits/mo 0.3 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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood center with retail, restaurant, and office space available.
Where is this shopping center located?
The property is located at 2205-2219 US-23 Alpena, MI.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: Anchor tenant Ollie's Bargain Outlet now open, driving customer traffic.; Available 14,976 SF end‑cap suite and 12,562 SF space ideal for junior anchors.; Flexible lease terms and aggressive introductory rates offered by ownership.
More about this property
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