Impressively standing at 465,000 square feet, 416 Ford Avenue boasts a single-story industrial asset prominently situated over 89.69 acres of land with about 5,000 feet of Lake Huron frontage in Alpena, Michigan. Built in 1950, this warehouse building features 22– to 70-foot ceiling heights and is equipped with up to 15-megawatt electrical service with an on-site powerhouse. The property is efficiently built-out with six loading docks and three grade-level drive-in doors paired with about 20 acres of designated outdoor storage. About 2.2 acres of ancillary land parcels are included with the sale and the existing equipment (FF&E). There is currently a storage tenant utilizing about 20,000 square feet of space solely for inventory with a 30-day termination clause within their lease allowing a new owner to decide to allow the tenant to remain in the space at a monthly fee or to move out by the next month.

416 Ford Avenue is optimally positioned just outside downtown Alpena via a 0.5-mile commute with easy access to major thoroughfares Michigan Highway 32 and US Highway 23. The property is desirably situated over I-2, general industrial zoning offering tremendous revitalization opportunities. This flexible zoning permits an abundance of business uses, including warehousing and storage, manufacturing, public works facilities, wineries/distilleries/breweries, telecommunications businesses, building material storage, special trade contractors, automotive equipment rental and leasing, commercial docks, professional offices, and more. Permitted uses with a special use permit or supplemental regulations consist of animal shelters/kennels, parking structures, telecommunication towers and facilities, automobile service stations such as a gas station, airports, and automotive repair and maintenance shops.

Alpena County is supported by a highly skilled workforce, as 92.8% of residents are high school graduates or higher, surpassing the national average of 89.1%. 416 Ford Avenue benefits from its positioning within Alpena as the manufacturing business dominates the county’s industry sector, leading at 20.5% industry share.

This acquisition is primed for revitalization, with a multitude of capabilities for an owner/user or business leased out by a savvy investor. 416 Ford Avenue is valuably located within the Alpena industrial market, with a notably low vacancy rate of 0.5%. No recent construction has been underway in this Opportunity Zone, providing zero supply-side pressures, making this asset ideal for purchase and repurpose.

Property tours are available by appointment only. Please contact the broker to schedule.