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    Alpena, MI
    Restaurants

    Alpena, MI Restaurants for Sale

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    Presque Isle, MI Herron, MI Posen, MI Ossineke, MI Spruce, MI Lachine, MI Hubbard Lake, MI Black River, MI
    Established Lounge and Bar
    Updated: Sep 1
    Established Lounge and Bar

    123 W Chisholm Street, Alpena, MI 49707

    $1,600,000
    10,820 sqft 0.14 AC lot
    Established Rusty's Corks & Cocktails business included
    Commercial property at 123 W Chisholm Street, Alpena, MI 49707
    0.14 acres with retail zoning
    Furnishings, fixtures, and equipment included
    Lounge, retail, event, and private gathering space
    View details
    Tavern Property with Liquor License
    Updated: May 18
    Tavern Property with Liquor License

    7930 French Road, Alpena, MI 49707

    $295,000
    4,175 sqft 1.62 AC lot
    4,175‑square‑foot tavern property on 1.62 acres
    Liquor license, inventory, most collections, and buildings included
    Bar area and open seating within the existing tavern layout
    Commercial Impr zoning
    Parking lot included
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    Alpena Freestanding Wendy’s Investment Property
    Alpena Freestanding Wendy’s Investment Property

    1036 W Chisholm St, Alpena, MI 49707

    Contact for pricing
    2,907 sqft

    Freestanding Wendy’s in Alpena, MI with long-term lease.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Property with Cabin Rentals
    Mixed-Use Property with Cabin Rentals

    4464 Long Rapids Road, Alpena, MI 49707

    Contact for pricing

    Includes lodging, residential quarters, retail sales, and a pizza kitchen in one operating property.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Alpena, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant With On-Site Residence
    Restaurant With On-Site Residence

    3090 US-23, Rogers City, MI 49779

    $445,000
    4,074 sqft 4.93 AC lot

    On-site residence and campground improvements expand the property's operating configuration.

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    Restaurant Space with Kitchen
    Restaurant Space with Kitchen

    11450 M-33, Atlanta, MI 49709

    $210,000
    832 sqft 0.37 AC lot

    Restaurant property with prep facilities, guest seating, and a dedicated parking lot.

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    Restaurant Property with Stone Building
    Restaurant Property with Stone Building

    9075 Michigan 33, Atlanta, MI 49709

    $89,900
    2,394 sqft

    Restaurant and bar improvements with additional residential and garage structures on a wooded acreage parcel along State Highway M-33.

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    Clean Bar and Restaurant
    Clean Bar and Restaurant

    192 E Huron Avenue, Rogers City, MI 49779

    Contact for pricing

    Bar and restaurant opportunity near the public docks with substantial storage and a large walk-in cooler.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Alpena Land with Complete Infrastructure
    Alpena Land with Complete Infrastructure

    NHN Crittenden Court, Alpena, MI 49707

    $1,000,000
    11.39 AC lot

    11.39 acres with complete infrastructure in Alpena's growing area.

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    Commercial Land With Gravel Access
    Commercial Land With Gravel Access

    1930 M-32 W, Alpena, MI 49707

    $120,000
    2.93 AC lot

    Commercial parcel with public sewer and direct access from a graveled road along M-32.

    View details
    B2 Commercial Land with Utilities
    B2 Commercial Land with Utilities

    M-32/Crittenden Court lot: 8, Alpena, MI 49707

    $175,000
    1.74 AC lot

    B2-zoned commercial land with municipal services and access from a dedicated service drive.

    View details
    Commercial Land With Utilities
    Commercial Land With Utilities

    M-32/Crittenden Court lot: 7, Alpena, MI 49707

    $235,000
    3.49 AC lot

    B2-zoned commercial land with municipal water, public sewer, natural gas, and electric service in place.

    View details

    Off-Market Properties in Alpena, MI

    Consider similar Off-Market properties in Alpena, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2205-2219 Us-23
    Restaurants

    2205-2219 Us-23, Alpena, MI 49707

    Value Estimation by Request
    90,979 sqft
    View details

    Alpena, MI Restaurants Market Trends and Statistics

    Explore 5 restaurants for sale in Alpena, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 17,902 square feet of properties for sale, with an estimated market value of $1,895,000.

    Sale prices for restaurant properties in Alpena, MI start at $295,000, averaging $947,500, and reaching up to $1,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Conventional restaurants 1
    Drive through restaurants 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +0.7%
    Median Household Income $50,699
    College Educated 25.7%

    High-Yield Neighborhoods for Investment

    Identify Alpena submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49707 $295K

    Taxes & Financing

    Tax Rate (average for all types) 4.00%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Alpena County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Alpena, MI

    • 49707

    Featured Alpena Real Estate Agencies

    Realmo connects you with licensed Alpena CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Banner Realty
    259 S. Ripley Blvd. Alpena, MI 49707
    Phone: 19893561177
    www.bannerrealty.com

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