MI > Alpena > Alpena > 145 Water Street

$1,155,000

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  • MLS# 20221010801
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PRICED $1,000,000 BELOW THE APPRAISED VALUE & HUNDREDS OF THOUSANDS OF DOLLARS IN RESTORATION GRANTS ARE STILL AVAILABLE! Built from 1910-12 this building features solid 24” to 30” Indiana Bedford Stone, this 2-story retired Federal Building (Former Post Office) offers so many possibilities. You will be amazed from the minute you walk in by grand architectural detail with domed ceilings and marble floors. At the end of the front lobby / living area is a grand staircase, covered in travertine marble, which leads to the second floor with a long hallway with terrazzo floors all of which are not found in today’s new construction. Located on an oversized lot (0.63 acres), the property includes over 165’ of DEEDED deep-water frontage on the south bank of the Thunder Bay River. Over the last several years, the current owner has periodically allowed large tour boats and barges to take advantage of the deep draft and moor on the sea wall. No other private property is able to offer this great and unique asset. From the rooftop, you have a spectacular breathtaking unimpeded view of the waterfront, draw bridge, downtown Alpena, Alpena Marina, and Thunder Bay/Lake Huron. For the last 10 years, the City of Alpena has approved the property to be used as a private residence, but it is also zoned for commercial use. With over 15,000 sq.ft. (including a full unfinished basement), the possibilities are endless as there are thousands of dollars of grants available to help completely restore this building back to its original glory. This is a perfect venue for a future Rooftop Restaurant, Wedding Chapel, Catering Hall, Bed & Breakfast, Office Building, and Medical Building. Zoned Commercial & Residential. The 1st floor has 5388 Sq. Ft, 2nd floor has 4612 Sq.Ft., and the basement has 5428 Sq.Ft. See attached blueprints and layouts.

Property Information

Status
Sold 
Address
145 Water Street 
City
Alpena 
Zip
49707 
Year Built
1911 
Business Type
Residential 
Listing Date
07/10/2022 
Architecture
2 Story 
County
Alpena 
Above Grade SqFt
10,000 
Waterfrontage
165.0 
Possession
Close Plus 30 D 
Price/SqFt
200.0 

School Information

School District
Alpena 

Taxes

Summer Taxes
$5,445 
Winter Taxes
$705 

Features

Current Use
Commercial 
Zoning
Commercial, Residential 
Water
Public (Municipal) 
Sub Property Type
Commercial 
Exterior Features
Fenced 
Office Heat
Hot Water 
Heating
Hot Water 

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  • Property History
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Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20221010801 Sold Pending Sep 21 2023 4:42PM $1,155,000 376
20221018506 Withdrawn Active Jul 21 2023 6:05PM 372
20221010801 Jul 13 2023 1:09PM $2,000,000 $2,500,000 376
20221010801 Dec 16 2022 9:12AM $2,500,000 $2,750,000 376
20221010801 Sep 20 2022 4:36PM $2,750,000 $3,000,000 376
20221018506 Active Jul 14 2022 7:16PM $3,000,000 372
20221010801 Active Jul 12 2022 10:35AM $3,000,000 376
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Kw Metro
(248) 288-3500
Office Address 423 S Washington Ave

145 Water Street Alpena
Contact us
$2,000,000
Sold • Acres: 0.63 • Zoning: Commercial,Residential