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    Alpena, MI
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    Alpena, MI Restaurants for Sale

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    Crittenden, KY Presque Isle, MI Posen, MI
    Alpena Landmark Tavern For Sale
    $369,000
    4,175 SF
    Alpena Landmark Tavern For Sale

    7930 French Road, Alpena, MI 49707

    Iconic Alpena tavern with historic charm and commercial potential.
    • 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.
    Updated: May 18
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    Classic Diner on Major Thoroughfare
    $99,900
    1,250 SF
    Classic Diner on Major Thoroughfare

    3023 US Highway 23 S, Alpena, MI 49707

    Revitalize a classic 1950s diner with high traffic exposure.
    • Prime location on a major thoroughfare with HIGH TRAFFIC EXPOSURE.
    • Strong previous patronage and established reputation as a 1950s‑style diner.
    • Ample parking available.
    • Opportunity to revitalize a classic eatery with ATTRACTIVE CAP RATE potential.
    • Natural gas available.
    Updated: Jan 14, 2025
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    Classic Diner on Highway 23
    $99,900
    1,250 SF
    Classic Diner on Highway 23

    Revitalize a classic 1950s diner with high traffic exposure.

    3023 US Highway 23 S, Alpena, MI 49707

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    Alpena Freestanding Wendy’s Investment Property
    $2,153,739
    2,907 SF
    Alpena Freestanding Wendy’s Investment Property

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

    1036 W Chisholm St, Alpena, MI 49707

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    Commercial Lots on Major Thoroughfare
    $185,000
    0.99 Acres
    Commercial Lots on Major Thoroughfare

    Commercial lots with high visibility and traffic flow potential.

    930 & 934 W Washington, Alpena, MI 49707

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 5 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.

    Landmark Restaurant/Bar in Lewiston, MI
    $549,000
    6,630 SF
    Landmark Restaurant/Bar in Lewiston, MI

    Established restaurant/bar with seating for 240 on 3+ acres.

    4965 Salling Avenue, Lewiston, MI 49756

    View details
    Mio Commercial Restaurant Opportunity
    $150,000
    320 SF
    Mio Commercial Restaurant Opportunity

    Commercial restaurant property in Mio, Michigan with expansion potential.

    509 S Morenci, Mio, MI 48647

    View details
    Northern Michigan Landmark Restaurant/Bar
    $599,000
    6,000 SF
    Northern Michigan Landmark Restaurant/Bar

    Established restaurant/bar with expansion potential near lakes and trails.

    4965 County Road 612, Lewiston, MI 49756

    View details
    Affordable Bar/Restaurant Near AuSable River
    $265,000
    32,670 SF
    Affordable Bar/Restaurant Near AuSable River

    Quaint bar/restaurant near AuSable River in Mio, Michigan.

    4700 Mckinley Road, Mio, MI 48647

    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.

    Commercial Lots in High-Visibility Location
    $185,000
    Commercial Lots in High-Visibility Location

    Commercial lots in Alpena with high visibility and traffic flow.

    930 & 934 W Washington, Alpena, MI 49707

    View details
    Alpena Land with Complete Infrastructure
    $1,000,000
    11.39 Acres
    Alpena Land with Complete Infrastructure

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

    NHN Crittenden Court, Alpena, MI 49707

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    Alpena Commercial Land For Sale
    $175,000
    1.74 Acres
    Alpena Commercial Land For Sale

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

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

    View details
    Alpena Commercial Land For Sale
    $235,000
    3.49 Acres
    Alpena Commercial Land For Sale

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

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

    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
    90,979 SF
    Value Estimation by Request

    2205-2219 Us-23, Alpena, MI 49707

    View details

    Alpena, MI Restaurants Investment Opportunities Market Analysis

    Explore 6 restaurants for sale in Alpena, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 9,582 square feet of properties for sale, with an estimated market value of $2,722,539.

    Sale prices for restaurant properties in Alpena, MI start at $99,900, averaging $680,634, 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

    Breakfast & diners 2
    Drive through restaurants 2
    Bars & Pubs 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 median listing prices of real estate assets

    Neighborhood Average Price
    49707 $509.6K

    Taxes & Financing

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

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