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Property profile & analytics
OFF-MARKET
Investment properties

3046 M-32 Alpena, MI 49707

3,760 SF 9.1 ac lot Built 2018
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 3046 M-32 in Alpena, Michigan, offers 3,760 square feet of versatile space on a 9.1-acre lot. The building presents a significant opportunity for a variety of businesses, including offices, clubhouses, nurseries, retail outlets, or restaurants (with existing bar equipment). Its prominent location boasts over 300 feet of frontage on M-32, ensuring high visibility and accessibility. The property benefits from a newly installed roof in 2024, minimizing immediate maintenance concerns. The expansive 9.1-acre lot provides ample room for future expansion or additional development, catering to growth and potential diversification. The asking price reflects a substantial reduction from the original listing, presenting a compelling investment opportunity. This property's size, location, and recent improvements make it an attractive proposition for discerning buyers seeking a substantial commercial presence in Alpena. Don't miss this chance to acquire a well-situated, versatile building with significant potential. Serious inquiries are encouraged.

Property profile
Verified
Property type Investment properties
Year built 2018
Total area 3,760 SF
Lot 9.1 ac (396,396 SF)
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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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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