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    Alpena, MI
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    Alpena, MI Storefront Properties for Sale

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    Crittenden, KY Presque Isle, MI Herron, MI
    Downtown Alpena Mixed-Use Building
    $530,000
    3,662 SF
    Downtown Alpena Mixed-Use Building

    105 N 2nd Avenue, Alpena, MI 49707

    Historic building with retail space and renovated apartment.
    • Prime downtown location in Alpena
    • Beautifully renovated upstairs apartment with open concept living space and skylights
    • Original, well‑preserved Italianate storefront with exposed brick
    • Handicap accessible with an elevator to the upper level
    • Lower level space suitable for retail or office use
    Updated: May 2
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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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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Alpena, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Former Pharmacy in Lincoln, MI
    $115,000
    3,400 SF
    Former Pharmacy in Lincoln, MI

    3400 sq ft commercial building with extra lot.

    301 S Second Street, Lincoln, MI 48742

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    Former Pharmacy Retail Building
    $115,000
    3,400 SF
    Former Pharmacy Retail Building

    Former pharmacy building with added lot and storage, well suited for a range of retail, office, or community uses.

    301 2nd St, Lincoln, MI 48742

    View details
    Remodeled Retail Storefront Building
    $95,000
    1,680 SF
    Remodeled Retail Storefront Building

    Flexible remodeled retail space with removable interior walls, high-visibility signage, and sidewalks suited for outdoor displays.

    12430 State St, Atlanta, MI 49709

    View details
    Prime Retail Opportunity in Atlanta
    $135,000
    1,800 SF
    Prime Retail Opportunity in Atlanta

    Turnkey retail business opportunity in a high-traffic Northern Michigan location.

    12430 State Street, Atlanta, MI 49709

    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.

    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

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    Commercial Land Near M-32
    $120,000
    2.93 Acres
    Commercial Land Near M-32

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

    1930 M-32 W, Alpena, MI 49707

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    Prime Commercial Land in Alpena
    $329,500
    768 SF
    Prime Commercial Land in Alpena

    Double lot near downtown Alpena, ready for development.

    Alpena, MI 49707

    View details
    Spacious Commercial Building on M-65
    $480,000
    5,500 SF
    Spacious Commercial Building on M-65

    Large commercial building with living space on heavily traveled M-65.

    4271 N M-65, Hale, MI 48739

    View details

    Alpena, MI Storefront Properties Market Trends and Statistics

    Explore 2 storefront properties for sale in Alpena, MI on our real estate platform. These investment opportunities span a total of 4,912 square feet of properties for sale, with an estimated market value of $629,900.

    Sale prices for retail units in Alpena, MI start at $99,900, averaging $314,950, and reaching up to $530,000 — 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

    Showrooms 3
    Automotive properties 2
    Shopping centers 2
    Auto shops 1
    Car washes 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 $99.9K

    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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