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    Bank-to-Retail Drive-Through Building Title is generated by Realmo AI

    6232 River, Alanson, MI 49706

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    Claim this Listing
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    For Sale
    $239,900

    Commercial/Industrial - Alanson, MI

    Property size:
    1,344 SF
    Price / SF:
    $178/SF
    Added:
    Jun 18, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 18 at 2:06 pm

    Property Features for 6232 River

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    VOA B-1
    Rooms
    Basement
    Interior features
    Refrigerator, Natural Gas, Off-Street Parking, Air-Conditioning, Ample Parking, Paved Roads
    Basement Y/N
    1
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    41-17-10-301-034 and 040
    Size
    1,344 SF

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air, Natural Gas

    Building Details

    Floors in Building
    1
    Architectural style
    Other

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    Listing Contact
    Heidi Kresnak
    Heidi Kresnak

    Listing agent Heidi Kresnak

    Listing office Graham Real Estate 198 E MAIN ST., Harbor Springs, MI

    Listing date Jun 18, 2026

    MLS# 479808 Listing URL

    Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private office plus kitchenette, storage area, and basement level included in the existing commercial layout
    • Two large safes on‑site, plus a functional drive‑through window for customer service concepts
    • Natural gas forced‑air heating and air‑conditioning, with natural gas available for utilities
    • Refrigerator included; interior includes natural gas and forced air heating
    • Rear paved parking lot with off‑street parking and ample parking for customers and staff
    • Commercial building served as a local bank for many years and is now ready for a new use

    Overview

    This well-maintained commercial building was used for many years as a local bank and is now ready for a new operator. The interior layout includes a private office, kitchenette, storage area, and two large safes. The building also features an existing drive-through window, supporting service concepts that benefit from convenient customer access.

    Located in Alanson, the property sits just off US-31 and is described as highly visible. The downtown setting places it near local businesses, residents, and visitors. A paved parking lot at the rear of the building provides parking for customers and staff.

    With its bank-style buildout and drive-through access, the space can be considered for multiple business types, including professional office, boutique retail, café, take-out restaurant, specialty retail, or service-based uses. Prospective tenants and buyers should evaluate how the existing interior configuration and drive-through window align with their intended operation, including whether to retain or repurpose the safes and back-of-house storage areas.

    Local Financial Insights For Office B

    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 $25.5k $18.96
    − Vacancy −$4.0k −$3.00
    EGI $21.5k $15.96
    − OpEx −$5.4k −$3.99
    NOI $16.1k $11.97
    1,344 SF · lease $18.96/SF/yr · vacancy 15.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $229.9K
    $201.2K – $268.2K (±1% cap)
    NOI $16,092 @ 7.0% cap · market cap 6.71%
    Second Best
    Retail
    $199.3K
    $174.4K – $232.5K (±1% cap)
    NOI $13,952 @ 7.0% cap · market cap 5.82%
    Theoretical Best
    Warehouse
    $304.2K
    $266.1K – $354.9K (±1% cap)
    NOI $21,291 @ 7.0% cap · market cap 8.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alanson
    County
    Emmet
    State
    Michigan
    Longitude
    -84.7884769
    Latitude
    45.4409033

    FAQs

    What type of property is this?
    Office building - Versatile former bank building with a drive-through window and rear paved parking for customer convenience.
    Where is this office building located?
    The property is located at 6232 River 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: Private office plus kitchenette, storage area, and basement level included in the existing commercial layout; Two large safes on‑site, plus a functional drive‑through window for customer service concepts; Natural gas forced‑air heating and air‑conditioning, with natural gas available for utilities
    More about this property
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