3046 M-32 Alpena, MI 49707
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.
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
Similar Nearby for Lease
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.