Retail Storefront with
For Sale
$239,900
6232 River St, Alanson, MI 49706
B-1-zoned commercial space includes an office, kitchenette, storage, and rear paved parking.
Property Size1,344 SF
Price / SF$178.50
Days on Market102
Property Features for 6232 River St
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Retail
Zoning
B-1
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Amenities
private office
kitchenette
storage area
two large safes
Building Details
Building Size
1,344 SF
Buildings
1
Listing Agency:
Graham Real Estate
Listed By:
Heidi Kresnak
(231) 526-6251
Source:
Cpix.resimplifi
Added: Jul 6
Changed: Oct 6
Last Checked: Oct 14 at 7:52PM
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 Graham Real Estate
Investment Insights
Based on property information with market context.
This 1,344-square-foot retail storefront offers a compact commercial layout with a private office, kitchenette, storage area, and two safes. A drive-through window is part of the existing improvements, and the building previously operated as a bank.
The property is located at 6232 River St in downtown Alanson, near local businesses, residents, and visitors. It sits just off US-31 and is within walking distance of the Crooked River. A paved parking area behind the building supports customer and staff parking. B-1 zoning and the existing configuration provide a practical setting for retail, office, café, take-out, specialty-store, or service-oriented operations.
The property is located at 6232 River St in downtown Alanson, near local businesses, residents, and visitors. It sits just off US-31 and is within walking distance of the Crooked River. A paved parking area behind the building supports customer and staff parking. B-1 zoning and the existing configuration provide a practical setting for retail, office, café, take-out, specialty-store, or service-oriented operations.
Key Highlights
- 1,344‑square‑foot storefront at 6232 River St, Alanson, MI 49706
- B‑1 zoning supports a commercial storefront setting
- Existing drive‑through window provides convenient customer access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,952
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,040
$279.0K
Cap Rate 7%
$199,314
$199.3K
Cap Rate 9%
$155,022
$155.0K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$20.8K $15.48/SF
− Vacancy
−$874 −$0.65/SF
EGI
$19.9K $14.83/SF
− OpEx
−$6.0K −$4.45/SF
NOI
$14.0K $10.38/SF
Area
Emmet County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,040
Cap Rate 7%
$199,314
Cap Rate 9%
$155,022
Alternative Uses
Best Use
Retail
$199.3K
$174.4K – $232.5K
NOI $13,952 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$304.2K
$266.1K – $354.9K
NOI $21,291 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49706, MI
5,062
Population
2,893
Households
1.7
Avg Household Size
42
Median Age
22%
College-Educated
92%
High-School Grad
58.5 sq mi
ZIP Area
87
Density / Sq Mi
$63,573
Median Household Income
$37,105
Median Earnings
$943
Median Rent
$208,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Flowers by Melissa — 7722 US-31 Unit D, Alanson, MI 49706
Frequently Asked Questions
What type of property is this?
Storefront property - B-1-zoned commercial space includes an office, kitchenette, storage, and rear paved parking.
Where is this storefront property located?
The property is located at 6232 River St Alanson, MI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,344‑square‑foot storefront at 6232 River St, Alanson, MI 49706; B‑1 zoning supports a commercial storefront setting; Existing drive‑through window provides convenient customer access
