Four-Unit Retail Strip
For Sale
$299,500
2581 US 23, Alpena, MI 49707
Four-unit strip mall with newly roofed improvements, new HVAC and carpeting in two units, and an overhead-door unit for storage.
Property Size10,000 SF
Price / SF$29.95
Days on Market31
Property Features for 2581 US 23
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$5,822
Amenities
3
Parking.
Lot, Paved Driveway.
140x200, 0.64
Asphalt, Paved Road.
Building Details
Tenancy
Multi
Listing Agency:
Banner Realty
(989) 464-7209
Listed By:
Margie Haaxma · License #6506003422
(989) 464-7209
Source:
Xome
Added: Jul 10
Changed: Aug 8
Last Checked: Aug 9 at 5:03AM
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 Banner Realty
Investment Insights
Based on property information with market context.
This four-unit established commercial rental strip mall is offered in a high-traffic location. The property has been newly roofed, and updates include a new furnace and new carpeting in two of the units. The building totals approximately 10,000 square feet and includes four restrooms across the property. One unit features an overhead door, supporting convenient on-site storage and delivery.
Parking has been recently blacktopped and stripped, and the property provides plenty of parking for customers and occupants. Business names are shown on the sign, and renters’ businesses are represented on-site. The lot is also described as large enough for potential expansion.
The configuration supports a multi-tenant retail setup within a single strip mall building, with the overhead-door unit offering an additional practical option for operational flexibility.
Parking has been recently blacktopped and stripped, and the property provides plenty of parking for customers and occupants. Business names are shown on the sign, and renters’ businesses are represented on-site. The lot is also described as large enough for potential expansion.
The configuration supports a multi-tenant retail setup within a single strip mall building, with the overhead-door unit offering an additional practical option for operational flexibility.
Key Highlights
- Established four‑unit commercial strip mall in a high‑traffic location
- Recently blacktopped and stripped parking with plenty of parking and paved driveway
- New roof plus new furnace and new carpeting in 2 units
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Superstores 40%
Electronics 9%
Big Lots
Superstores
12,356 visits/mo
0.2 miles
Shell
Shops & Services
9,860 visits/mo
0.4 miles
Jo-Ann Fabric and Craft
Shops & Services
5,922 visits/mo
0.2 miles
Verizon
Electronics
2,776 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Four-unit strip mall with newly roofed improvements, new HVAC and carpeting in two units, and an overhead-door unit for storage.
Where is this strip mall located?
The property is located at 2581 US 23 Alpena, MI.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Established four‑unit commercial strip mall in a high‑traffic location; Recently blacktopped and stripped parking with plenty of parking and paved driveway; New roof plus new furnace and new carpeting in 2 units
