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    Land

    6 M-32/Crittenden Ct, Alpena, MI 49707

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    Property summary
    AI-generated overview

    This exceptional 153,116 sq ft commercial lot (APN 012-020-000-650-10), located at Lot 6 M-32/Crittenden Court in Alpena, Michigan (49707), presents a unique investment opportunity in Alpena County's fastest-growing area. Zoned B-2, this high-visibility property boasts high traffic counts and multiple traffic lanes along M-32, just 1.8 miles west of the busy M-32/Bagley St corridor. Infrastructure is complete, including municipal water and sewer, natural gas, and electricity – a significant cost savings for developers. The lot benefits from its strategic location, anchored by a newly constructed Aldi's and a Hampton Inn currently under construction. A service drive off M-32 (Crittenden Ct) provides convenient access to interior lots, with signage opportunities available for enhanced visibility. This thriving area is home to a variety of established businesses, including Walmart, Meijer, Home Depot, McDonald's, Culver's, Applebee's, Walgreens, Biggby Coffee, Starbucks, Marshalls, AutoZone, PNC Bank, and WellCare. The parcel size is adaptable, and additional property may be available. Detailed site layouts and pricing are available upon request. This is an ideal location for businesses seeking high visibility and convenient access to a dense concentration of consumers.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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