Alpena, SD Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Alpena, South Dakota Market population: 10K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Alpena MI Properties: 0.4600%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Alpena MI
Common questions from investors exploring commercial real estate in Alpena MI.
What's the overall investment outlook for Alpena, MI, considering its demographics and economy?
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Alpena's median household income of $33,311, combined with a poverty rate of 21.3% and a high health insurance coverage of 92.6%, suggests a stable working-class market with access to employment opportunities, particularly in Public Administration and Manufacturing, which could attract renters and support local businesses.
How does the city's ethnic diversity and industry landscape impact real estate demand?
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The city's predominantly White population, with a mix of White Non-Hispanic and Two Or More ethnicities, indicates a relatively homogeneous community, while top industries like Finance & Insurance and Real Estate & Rental & Leasing suggest a growing demand for housing and commercial properties, driven by a median property value of $77,500 and a homeownership rate of 64.3%.
What are the implications of Alpena's commute times and transportation methods for investors?
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The average commute time of 12.8 minutes, primarily by driving alone or carpooling, indicates a convenient and accessible location, which, when combined with a high health insurance coverage rate of 92.6% and a low poverty rate compared to other similar cities, suggests a relatively stable and attractive market for renters and homeowners alike.
How does the city's income inequality and employment rate affect the real estate market?
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Alpena's GINI coefficient of 0.444, indicating moderate income inequality, and an employed population of 4,464, suggest a mix of blue-collar and white-collar workers, which, when considered alongside the median household income of $33,311 and a poverty rate of 21.3%, implies a working-class market with potential for growth in the real estate sector, particularly in affordable housing.
What role do property taxes and homeownership rates play in Alpena's investment landscape?
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The median property taxes of $3,101 and a homeownership rate of 64.3% indicate a relatively affordable housing market, which, combined with a median property value of $77,500 and a stable employment market, suggests opportunities for investors to capitalize on rental yields and potential long-term appreciation in property values, driven by the city's growing industries and convenient commute times.
Alpena MI Real Estate & City Facts
Key facts and real estate information about Alpena MI.
What are some of the best neighborhoods to live in Alpena?
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Some of the best neighborhoods to live in Alpena include Brentwood, Ashland, Lakewood, Alpena Northwest, and Alpena West. These neighborhoods are known for their peaceful atmosphere, friendly community, and well-kept homes. For example, Brentwood is a popular choice for families, while Alpena Northwest offers a more rural feel.
What are some fun things to do in Alpena?
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Alpena has a variety of fun things to do, including visiting the Great Lakes Maritime Heritage Center, exploring the Thunder Bay National Marine Sanctuary, and playing a round of mini golf at one of the local courses. You can also visit the Presque Isle Lighthouse, go hiking at Rockport State Park, or take a stroll along the shores of Lake Huron. Additionally, the city hosts several festivals and events throughout the year, such as the Alpena Summer Festival and the Thunder Bay Maritime Festival.
What is the food scene like in Alpena?
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The food scene in Alpena is diverse and delicious, with a range of restaurants serving everything from Italian and American cuisine to seafood and brew pub fare. Some popular spots include the Courtyard Restaurant, Austin Brothers Beer Company, and the Black Sheep Pub. You can also find great food trucks and cafes throughout the city, serving up everything from burgers and sandwiches to coffee and pastries. For a unique dining experience, be sure to check out the Old Polish Corner, which serves up traditional Polish cuisine.
What are the pros and cons of living in Alpena?
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The pros of living in Alpena include its beautiful natural surroundings, friendly community, and low cost of living. The city also has a rich history and culture, with plenty of opportunities to get involved in local events and activities. However, some cons of living in Alpena include its limited job opportunities and slow pace of life, which may not be suitable for everyone. Additionally, the city can be quite cold and snowy in the winter, which may be a challenge for some people. Overall, Alpena is a great choice for those who value a close-knit community and a relaxed pace of life.
Is Alpena a good place to live?
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Alpena is a great place to live for those who value a small-town atmosphere and a strong sense of community. The city has a lot to offer, from its beautiful natural surroundings to its rich history and culture. While it may not be the best fit for everyone, particularly those who are looking for a fast-paced and exciting lifestyle, Alpena is a wonderful choice for families, retirees, and anyone who wants to escape the hustle and bustle of city life. With its low cost of living, friendly community, and plenty of opportunities to get involved in local events and activities, Alpena is definitely worth considering as a place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Alpena MI Commercial Property: $33,311
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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