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Property profile & analytics
OFF-MARKET
Commercial real estate

612 Ripley Blvd Alpena, MI 49707-4437

1.28 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US43-4081510
Property summary
AI-generated overview

This exceptional 6,044 square foot commercial building, situated on a 5.1-acre lot at 612 S Ripley Boulevard in Alpena, Michigan, presents a remarkable investment opportunity. Recently reduced by $100,000, the property is priced at $199,000 and offers significant potential for a variety of businesses. Its high visibility and convenient location ensure high traffic, making it ideal for a range of uses. Previous successful businesses have operated from this building, demonstrating its viability. The space is adaptable and could easily accommodate a pizza restaurant, general store, daycare center, retail establishment, religious organization, or a combination thereof. The building features two bathrooms, a dedicated display area, an office, a mini-kitchen, refrigeration units, and ample storage space, providing a solid foundation for immediate occupancy. The property is subject to township taxes. This is a rare chance to acquire a substantial commercial property in a prime location at a significantly reduced price. Don't miss this opportunity to establish your business or secure a strong addition to your investment portfolio. Act quickly, as this motivated seller is ready to move on.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.28 ac (55,757 SF)
APN 018-103-000-016-00
UPID US43-4081510
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
JAMES W BALL
JAMES W BALL
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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