Property profile

M-32 Crittenden Ct Alpena, MI 49707

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

M-32 Crittenden Ct Alpena, MI 49707
Alpena metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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