Contacts
Josh Miller
Friedman Real Estate
(248) 324-2000
Property Details
- Property Type Retail - Strip
- Property Size 44,500 SF
- Lot Size 4.28 Acre
- Property Tenancy Multi-Tenant
- Date Updated Dec 15, 2023
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Highlights
- ±44,500 SF hard corner retail center shadow anchored by Walmart, Home Depot, and Meijer
- Located in the heart of Alpena’s retail corridor; serving as a commercial hub for Alpena and surrounding communities, providing ample consumer traffic
- Unknown opportunity for national and regional retailers; property has never been actively listed (sale or lease); never listed for lease on CoStar/LoopNet/CREXI/etc.
- Tremendous value-add component through lease up of existing ±14,146 SF and converting gross leases to NNN
- Adjacent to the recently developed Northland Area Federal Credit Union with corporate offices
- NOI ±$360,510 at ±67% occupancy
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Alpena, MI
- Neighborhood Alpena
- Zip Code 49707
Points of Interest
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Meijer
0.18 miles
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Murphy USA
0.27 miles
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Admiral
0.92 miles
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Marathon
1.44 miles
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Citgo
1.99 miles
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North Eastern State Trail Staging Area
2.21 miles
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Culver's
0.11 miles
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McDonald's
0.41 miles
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Big Boy
1.32 miles
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Grand China Buffet
1.43 miles
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Arby's
1.44 miles
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McDonald's
1.46 miles
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McDonald's
1.50 miles
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Taco Bell
1.50 miles
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Pizza Hut
1.50 miles
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The Court Yard
1.51 miles
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Walmart Supercenter
0.27 miles
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Meijer
0.28 miles
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Alpena Mall
1.35 miles
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Gordon Food Service
1.40 miles
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Thunder Bay Shopping Center
1.51 miles
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Neimans Family Market
1.54 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Josh Miller
Friedman Real Estate
(248) 324-2000