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    Alpena, MI
    Restaurants

    Alpena, MI Restaurants for Sale

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    Crittenden, KY Presque Isle, MI Herron, MI Posen, MI Ossineke, MI Spruce, MI Lachine, MI Hubbard Lake, MI
    Historic Tavern and Restaurant Property
    Updated: May 18
    Historic Tavern and Restaurant Property

    7930 French Road, Alpena, MI 49707

    $359,000
    4,175 sqft 1.62 AC lot
    Historic local landmark with decades of community memories and a recognizable name.
    Includes buildings, liquor license, inventory, and most collections.
    Authentic vintage character with a classic tavern layout and charm.
    Flexible commercial potential for a bar, event space, or new concept.
    Convenient Alpena‑area location offering a rural feel with accessible traffic.
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    Alpena Freestanding Wendy’s Investment Property
    Updated: Feb 4
    Alpena Freestanding Wendy’s Investment Property

    1036 W Chisholm St, Alpena, MI 49707

    $2,153,739
    2,907 sqft
    Long‑term absolute net lease structure provides a passive investment.
    Operated by a large and established 50+ unit franchisee, Wen‑Well National.
    Unit ranks in the top third of all Wendy’s locations in Michigan.
    Low rent to sales ratio of less than seven percent (7%) indicates strong performance.
    Located in a growing retail market with recent store openings from Aldi and Marshall’s.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 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.

    Turnkey Bar Restaurant and Campground
    Turnkey Bar Restaurant and Campground

    3090 US-23, Rogers City, MI 49779

    $445,000
    1,311 sqft

    Turnkey restaurant with liquor license plus a 15-site campground with utilities and amenities for year-round guests.

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    Entertainment Destination with Redevelopment Potential
    Entertainment Destination with Redevelopment Potential

    226 Us-23, Harrisville, MI 48740

    $225,000
    8,900 sqft 1.87 AC lot

    Fully equipped entertainment destination with redevelopment potential on 1.87 acres.

    View details
    Turnkey Bar & Restaurant with Campground
    Turnkey Bar & Restaurant with Campground

    3090 US-23, Rogers City, MI 49779

    $445,000
    4,074 sqft 4.93 AC lot

    Bar, restaurant, home, and campground on 4.93 acres.

    View details
    Drive-Through Restaurant with Dairy Bar
    Drive-Through Restaurant with Dairy Bar

    307 N U.S. 23, Harrisville, MI 48740

    $47,750
    612 sqft 0.17 AC lot

    Drive-through fast-food/dairy bar property on a small site with all fixtures included.

    View details

    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.

    Prime Commercial Land in Alpena
    Prime Commercial Land in Alpena

    Alpena, MI 49707

    $329,500
    768 sqft

    Double lot near downtown Alpena, ready for development.

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    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 Near M-32
    Commercial Land Near M-32

    1930 M-32 W, Alpena, MI 49707

    $120,000
    2.93 AC lot

    2.93 acre commercial land with B2 zoning near M-32.

    View details
    Alpena Commercial Land For Sale
    Alpena Commercial Land For Sale

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

    $175,000
    1.74 AC lot

    Commercial land with complete infrastructure in a high-traffic area.

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    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 3 restaurants for sale in Alpena, MI on our real estate platform. These investment opportunities span a total of 7,082 square feet of properties for sale, with an estimated market value of $2,512,739.

    Sale prices for restaurant properties in Alpena, MI start at $359,000, averaging $1,256,369, and reaching up to $2,153,739 — 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 1
    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 $579.5K

    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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