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805 W Chisholm St
Alpena, MI 49707

805 PLACE · Office Property For Sale

Investment Highlights

  • 66' Frontage on US 23 N. Business Corridor as well as 60' side street frontage with 132' Alley access.
  • Six 100% rented second floor loft style apartments that gross $60,000 annually. Four units subject to MSHDA controled rent until September 1, 2021.
  • Front storefront street entry and rear parking lot entry
  • Historic Building - 100% Absestos and Lead Abatement completed, enviornmental survey completed, State of Michigan inspected elevator.
  • Dedicated on-street parking as well as dedicated parking lot
  • First floor space estimated gross income of $65,000

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
9,827 SF
Building Class
C
Year Built
1910
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,914 SF
Slab To Slab
12’
Building FAR
1.03
Lot Size
0.22 AC
Zoning
C - Commercial
Parking
21 Spaces (2.14 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Signage
  • Skylights
  • Storage Space
  • Car Charging Station
  • Bicycle Storage
  • Central Heating
  • High Ceilings
  • Natural Light
  • Secure Storage
  • Wi-Fi
  • Air Conditioning

About 805 W Chisholm St , Alpena, MI 49707

Recently developed historical building with restored interior and six loft style apartments on the second level with both secure stair and elevator access. The first floor space has recently been renovated to include three private restrooms, two mechanical rooms, coffee bar area, glass enclosed conference room, and open space suitable for conversion to office space, retail, showroom or utilized as is. The exterior of the building has been 100% renovated including roofing, siding, underground utilities, mechanical, electrical, and plumbing in 2017. The only original element in the building is the structure. There are two suite areas on the first floor. Suite A is currently being renovated for occupancy as a dental office under a 5 year lease. Suite B is occupied by an Edward Jones Investment office also under a 5 year lease. 805 Place is located on a main street business corridor with both street and onsite parking for 21 vehicles including six spaces for second floor residents. The property is located halfway between downtown Alpena to the Southeast and the Mid Michigan Medical Center, Alpena Community College and industry located to the Northwest.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
093-637-000-544-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$536,419
  • Listing ID: 14885538

  • Date on Market: 2019-01-16

  • Last Updated:

  • Address: 805 W Chisholm St, Alpena, MI 49707

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