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$99,900 Sale Pending

  • For Sale
  • Pending
  • Retail
  • 1,250 Sq. Ft.
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Nostalgic Diner presents a unique opportunity for entrepreneurs looking to revitalize a classic 1950s eatery, benefiting from its prime location, ample parking, and strong previous patronage. While currently non-operational due to personal circumstances, the diner boasts a solid reputation and significant exposure from heavy traffic on a major thoroughfare. With some tender loving care and the right business strategy, this diner has the potential to not only regain its former glory but also deliver an attractive CAP rate, making it a promising venture for new startups or established restaurant expansions.

Full Property Details for 3023 US Hwy 23 S

General

  • Price: $99,900
  • Taxes: $2,300
  • Status: Pending
  • Type: Retail
  • Source: SWMRIC_MLS
  • MLS ID: 25001774
  • Updated: 9/16/2025
  • Added to Site: 123 day(s) ago

Business

  • Business Type: Restaurant

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Location

  • Area: Outside MichRIC Area - Z
  • County: Alpena
  • Cross Streets: Gordon / Wayne
  • Driving Directions: US 23 / Werth Rd - South to Address.

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Water: Well
  • Well: Yes
  • Utility Description: Natural Gas Available, Natural Gas Connected, Electricity Connected, Cable Connected

Structural Information

  • # Buildings: 1
  • Stories/Levels: 1
  • Square Feet: 1,250
  • Year Built: 1950

Lot Features

  • Lot Size (Acres): 0.72
  • Lot Size (Sq. Ft.): 31,363
  • Lot Dimensions: 45 x 560 x 45 x 560

Financial Considerations

  • Tax Amount: $2,300
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: T30N R8E SECTION 3 COMMENCING AT A POINT S OF SECTION LINE COMMON TO SECTIONS 3 & 4 245.48 FEET FROM NW SECTION CORNER
  • Property ID: 011-003-000-085-00

Listed by EXP Realty LLC, Thomas A Rumble

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Listing agent

— 3023 US Hwy 23 S —

  • Thomas A Rumble

    EXP Realty LLC

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 3023 US Hwy 23 S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/28/2025
Price Reduced
$99,900
-33.36%
MLS
1/15/2025
Listed
$149,900
—
MLS
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3023 US Hwy 23 S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,215
501%
$50,900
1%
2023
$2,200
3%
$50,200
-8%
2022
$2,127
3%
$54,500
8%
2021
$2,072
1%
$50,300
2%
2020
$2,046
3%
$49,200
1%
2020
$1,983
2%
$48,700
6%
2018
$1,949
4%
$46,000
2%
2017
$1,869
34%
$45,200
-9%
2014
$1,399
—
$49,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 3023 US Hwy 23 S

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by EXP Realty LLC, Thomas A Rumble

3023 US Highway 23 S, Alpena, MI 49707 (MLS# 25001774) is a Retail property. 3023 US Highway 23 S is currently listed for $99,900 and was received on September 16, 2025. Want to learn more about 3023 US Highway 23 S? Do you have questions about finding other Retail real estate for sale in Alpena? You can browse all Alpena real estate or contact a Coldwell Banker agent to request more information.

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