Financial
Distress signals
Property profile

1132 W Chisholm St Alpena, MI 49707

FOR LEASE
Commercial real estate
Property ID
US43-3203981
1.1 ac lot
Last sale Oct 2011
Individually Owned Owner of record is an individual. 14-yr Hold Held for 14 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail property at 1132 W Chisholm St, Alpena, MI, presents a compelling investment opportunity. The single-tenant building boasts a total of 6,997 square feet, with 2,522 square feet currently available for lease. Situated on a generous 1.11-acre lot in Alpena County, this property enjoys a highly visible location within the heart of Alpena, making it ideal for businesses seeking strong visibility and accessibility. The property's existing infrastructure provides a solid

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value · 2024$610k
Effective rate5.53%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALPENA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.7
Building Supply18.8
Restaurant17.0

Location

1132 W Chisholm St Alpena, MI 49707
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9538 Long Lk, Alpena, MI 49707-9327 $250,000 Dec 2024 N/A
123 Herman, Alpena, MI 49707-2139 $125,000 Nov 2024 N/A
114 Arbor, Alpena, MI 49707-1302 $150,000 Oct 2024 N/A
104 2nd, Alpena, MI 49707-2802 $213,500 May 2024 N/A
701 2nd, Alpena, MI 49707-2229 $89,900 Apr 2024 N/A
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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