M-32 Crittenden Ct, Alpena, MI 49707
This exceptional 75,800 square foot commercial lot, located at Lot 8 M-32 Crittenden Court in Alpena, Michigan, presents a unique investment opportunity. Priced at $175,000, this B2-zoned property boasts prime visibility and high traffic counts due to its strategic location on M-32, just 1.8 miles west of the busy M-32/Bagley Street corridor. The site benefits from readily available municipal water, sewer, natural gas, and electricity, representing significant cost savings for future development. This location is in the fastest-growing area of Alpena County and enjoys high visibility from multiple traffic lanes. The lot is conveniently accessed via a service drive off M-32 (Crittenden Court), offering excellent signage opportunities. Anchored by a newly constructed Aldi's and a Hampton Inn under construction, this area is surrounded by a thriving commercial landscape including Walmart, Meijer, Home Depot, McDonald's, Culver's, Applebee's, Walgreens, Biggby Coffee, Starbucks, Marshalls, Auto Zone, PNC Bank, and WellCare. The parcel's size can be adjusted, and additional land may be available. The APN is 012-020-000-650-12. Detailed site layouts and pricing information are available upon request. This is an ideal location for a variety of commercial ventures.
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
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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.