3023 US Highway 23 S

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3023 US Highway 23 S

Alpena, MI 49707
Asking Price
$100K
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail storefront available for purchase in Alpena, Michigan
  • Property features a total building size of 1,250 square feet
  • Located directly along US Highway 23 South for visibility
  • Asset is currently offered at an asking price of $99,900
  • Positioned in a key commercial hub of the Northeast Michigan region

What's Special

This retail storefront listed for sale at 3023 US Highway 23 S in Alpena, Michigan, presents a functional space for an investor or business owner seeking an established footprint. Measuring 1,250 square feet, the property is positioned along a primary corridor in a community that serves as the commercial hub of Northeast Michigan. The location benefits from its proximity to regional infrastructure, supporting steady local demand for goods and services in the surrounding submarket. Given the flexible nature of the storefront, this asset is well-suited for boutique retail, professional services, or a neighborhood-focused commercial concept looking to capitalize on existing highway access. The building offers a clear opportunity for a buyer looking to secure a tangible commercial asset within this accessible Great Lakes region market.

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NOI
$80,000
Cap Rate
80.08%
DSCR
13.49
Strong
Cash-on-Cash
247.14%
Monthly Payment
$494.251
Annual Cash Flow
$74,068.992

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