3023 US Highway 23 Alpena, MI ^$ 149,900

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3023 US Highway 23

Alpena, MI, 49707

^$ 149,900

Bedrooms-- Baths-- Sq 1,250

Monthly Estimate*

^$ 996

3023 US Highway 23, Alpena, MI 49707 - Image 1

Commercial Property for sale in Alpena, MI

for $149,900. This 1,250 square foot building was built in 1950 on a lot size of 0.72.

Nostalgic Diner presents a unique opportunity for entrepreneurs looking to revitalize a classic 1950s eatery, benefiting from its prime location, ample parking, and strong previous patronage. While currently non-operational due to personal circumstances, the diner boasts a solid reputation and significant exposure from heavy traffic on a major thoroughfare. With some tender loving care and the right business strategy, this diner has the potential to not only regain its former glory but also deliver an attractive CAP rate, making it a promising venture for new startups or established restaurant expansions.

Commercial Active

Price

^$ 149,900

Property Type

Commercial

Taxes

^$ 2,300

Style

Commercial/Industrial

Lot Size

0.72

Year Built

1950

Town/City

Alpena

County/Region

Alpena

MLS | Web ID

70448442

Features

General

Heating Forced Air

Water Public Water

Status Active Active

Year Built 1950

County Alpena

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Alpena Twp

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Commercial Features Furniture

Area Alpena Twp (04001)

Primary City Alpena

Directions US 23 / Werth Rd - South to Address.

City Alpena

Financial Terms Cash Conventional

Legal Description T30N R8E SECTION 3 COMMENCING AT A POINT S OF SECTION LINE COMMON TO SECTIONS 3 & 4 245.48 FEET FROM NW SECTION CORNER

DOM 117

Postal Code 49707

Price Per Sq Ft Total AG 119.92

Public Remarks Nostalgic Diner presents a unique opportunity for entrepreneurs looking to revitalize a classic 1950s eatery benefiting from its prime location ample parking

Exterior

Exterior Frame Steel Wood

Frontage 45

Lot Size Area 0.72

Lot Dimensions 45 x 560 x 45 x 560

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Thomas Rumble

Listing Agent

Exp Realty Llc

Broker

rprg.corp@gmail.com

Affordability Calculator

$1,188

Per Month

Monthly Principal & Interest: $996
Monthly Property Taxes: $192
Monthly Home Insurance: --

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Yearly Property Taxes

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Alpena, MI

Average List Price ^$257,744

Percent of Sale Price 72%

About Alpena, MI

10,189 Population

-11% Since 2002

^$37,309 Median Income

42.68 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/15/2025	$149,900		Listed Price

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3023 US Highway 23, Alpena, MI, 49707 is a Commercial Property for sale at $149,900 with 1,250 sqft and a lot size of 0.72. 3023 US Highway 23 was built in 1950. The property's zip code is 49707 which is in Alpena, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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3023 US Highway 23

Commercial Property for sale in Alpena, MI

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