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VP 111, LLC 111 S. Second Ave.
6,800 SF of Retail Space Available in Alpena, MI 49707
Highlights
- Center of Downtown Alpena
- Large windows
- Across the street from Culligan Plaza
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 6,800 SF | 12’ - 15’ | 1-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
This exceptional property is located in vibrant downtown Alpena and surrounded by retail, dining, residential properties and is adjacent to the recently renovated Sanctuary Cinema. The two-story building is currently an office space but offers excellent mixed-use possibilities, including upstairs residential housing.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- Fully Carpeted
- Raised Floor
- High Ceilings
- Emergency Lighting
- Finished Ceilings: 12’ - 15’
- Basement
- DDA Compliant
- Downtown Alpena
- Across the street from Culligan Plaza
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 111 S. Second Ave. , Alpena, MI 49707
| Property Type | Retail | Gross Leasable Area | 13,600 SF |
| Property Subtype | Storefront Retail/Office | Year Built/Renovated | 1963/1998 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 13,600 SF |
| Year Built/Renovated | 1963/1998 |
About the Property
Land situated in the City of Alpena, Alpena County, Michigan described as: 111 S. SECOND AVE. COM AT THE MOST ELY COR OF LOT 1 BLK 5 OF THE VILL NOW CITY; TH SWLY ALONG THE NLY LINE OF S 2ND AVE 66.4 FT TO THE POB; TH SWLY ALONG SD NLY LINE OF 2ND AVE 51.1 FT; TH NWLY PAR WITH THE ALLEY LINE 100 FT; TH AT RT ANGS SELY 22.5 FT TO THE ELY LINE OF THE ALLEY; TH NWLY ALONG SD ELY LINE OF THE ALLEY 32 FT TO THE LINE BET LOTS 2 & 3 BLK 5; TH NELY ALONG SD LINE 73.9 FT; TH SELY PAR WITH THE ALLEY 132 FT TO THE POB
Nearby Major Retailers
Presented by
VP 111, LLC
VP 111, LLC | 111 S. Second Ave.
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