2205-2219 Us-23 Alpena, MI 49707
Thunder Bay, a 90,979 square foot neighborhood center in Alpena, Michigan, offers diverse commercial spaces for lease. Located at 2205-2219 US-23, Alpena, MI 49707, this Class C property boasts a prime location overlooking the picturesque Thunder Bay. The center recently welcomed Ollie's Bargain Outlet as a new anchor tenant in 2024, enhancing its appeal and drawing increased foot traffic. Available spaces range from a minimum of 900 square feet to a maximum contiguous area of 24,370 square feet, with a total of 38,670 square feet currently vacant. The property is suitable for a variety of uses, including traditional office, executive office, coworking, medical office, creative office, retail, and restaurant spaces. Multiple tenancy options are available. Landlords are willing to negotiate attractive introductory rates and flexible lease terms to accommodate various business needs, welcoming both new and established businesses. The property's diverse offerings and flexible lease options make it an ideal location for businesses of all sizes. Contact us to explore leasing opportunities and discover the perfect space for your business in this vibrant Alpena community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.