Former Kmart - Alpena MI

Retail-Commercial for Sale
Catylist Listing ID: 30283063
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Building Size (RSF): 118,200 SF
Gross Land Area: 7.57 Acres
Sale Price: $30 PSF
Total Price: $3,546,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 5/21/2019

Overview / Comments

Former Kmart building in Alpena MI, Prime Redevelopment opportunity. Potential uses include Retail, Industrial Storage, Multi-family.
Property has potential for Out-Lot Development as well. Great location and visibility.

Additional Details

Nearest MSA: Alpena
County: Alpena
Taxing Authority: Alpena County MI
Tax ID/APN: 018-103-000-009-00, 018-103-000-057-00
Retail Clientele: General, Business, Tourist
Largest Nearby Street: US 23 & Werth Rd
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1994
Roof Type: Flat
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,854 12,384 16,797
Median Age: 54 43.3 44.16
Households: 814 5,534 7,483
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.