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3303 W Washington Ave
Alpena, MI 49707

Crossroads Plaza · Retail Property For Sale

Storefront Properties Michigan Alpena 3303 W Washington Ave, Alpena, MI 49707

Investment Highlights

  • Located in the heart of Alpena’s retail corridor; serving as a commercial hub for Alpena and surrounding communities, providing ample consumer traffic
  • Tremendous value-add component through lease up of existing ±14,146 SF and converting gross leases to NNN.
  • NOI ±$360,510 at ±67% occupancy.
  • Unknown opportunity for national and regional retailers; property has never been actively listed (sale or lease).
  • Adjacent to the recently developed Northland Area Federal Credit Union with corporate offices.

Executive Summary

±44,500 SF hard corner retail center shadow anchored by Walmart, Home Depot, and Meijer

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
43,295 SF
Building Class
C
Year Built
1980
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
4.28 AC
Parking
147 Spaces (3.4 Spaces per 1,000 SF Leased)

PROPERTY TAXES

Parcel Number 091-021-000-506-00 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $2,000,999 CAD

PROPERTY TAXES

Parcel Number
091-021-000-506-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,000,999 CAD
 

  • Listing ID: 29498780

  • Date on Market: 2023-09-12

  • Last Updated:

  • Address: 3303 W Washington Ave, Alpena, MI 49707

The Retail Property at 3303 W Washington Ave, Alpena, MI 49707 is currently available for sale. Contact Friedman Real Estate for more information.

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