This single-story property, with excellent frontage on E Superior St, offers versatile meeting spaces and is ideal for a congregation or conversion to commercial use. Featuring a sanctuary, fellowship hall, offices, classrooms, kitchen, and storage areas, this property presents a prime opportunity for renovation and customization to suit your needs.
Prime Investment Opportunity: Commercial Property with Triple Net Leases Investors, take note of this exceptional opportunity to own a commercial property with secure, long-term income from two established tenants. This low-maintenance investment generates over $42,000 annually, with both tenants on triple net (NNN) leases, minimizing landlord responsibilities to only the structural portions of the roof, exterior, and load-bearing walls. Property Highlights: 1. Tenant 1: Quick-Service Pizza Restaurant & Fast-Food Delivery Lease Details: In place through 2028, with options to renew, ensuring consistent and reliable rental income. Income: $30,000 per year with scheduled rent increases, adding future value. Business: Thriving quick-service model with steady foot traffic and delivery operations, a staple in the local community. 2. Tenant 2: Digital Advertising Company Lease Details: A remarkable 40-year lease, guaranteeing income security for decades. The digital advertising sign features continuous scrolling marketing, driving high visibility for local businesses. Income: $12,000 per year with scheduled increases, further boosting long-term revenue potential. Signage: Strategically positioned to maximize exposure, benefiting from consistent demand for advertising space. This commercial property offers an ideal investment for buyers seeking a solid return with minimal management demands. With long-term leases and built-in rent escalations, it promises stable cash flow and appreciation potential. Don�t miss this chance to add a high-yield, hassle-free asset to your portfolio! Contact your Realtor for more details and to schedule a viewing.
Discover this expansive commercial property featuring over 5,000 square feet of prime retail space, perfectly situated on the bustling M-46 corridor. With excellent visibility and high traffic, this location offers unbeatable potential for business growth. Whether you're looking to house multiple retail tenants or establish a flagship retail business, this versatile property is designed to meet your needs. A standout feature of this offering is the additional separate building that gives you over 3,300 square feet of indoor space. This provides even more flexibility for storage, operation, or expansion. Ideal for a variety of retail ventures, this property offers endless possibilities in a vibrant and accessible location. Don't miss the chance to secure a versatile, high-visibility commercial space that can accommodate almost any retail concept.
This is the perfect investment for offices, retailers, and other innovative ideas! This beautifully structured building located in downtown Alma is ready for development. With almost 28,000 sq ft, a vault, elevator, and (2) parking lots the possibilities are endless. The main level features huge windows, brick interior, separated offices, teller space, and 10' and 15' ceilings. Create a loft or offices upstairs with access by stairs or an elevator. Building was formerly used as a bank and includes (2) parcels. Investment Highlights: located downtown, near Alma College, and Starbucks. Nearby Major Retailers: WalMart, Meijer, Tractor Supply Company, Ollies
Exciting Investment Opportunity in Alma, MI: 3-4 Unit Property Ready for Transformation! Located in the heart of Alma, this 3-4 unit property presents a rare investment opportunity. Completely gutted and primed for renovation, the possibilities are endless for a savvy investor or developer looking to bring this property back to life. Whether you're envisioning spacious multi-family living units or custom-designed apartments, the blank canvas allows for creative freedom. Situated just off of the business district in a quiet neighborhood, this property offers easy access to Alma College, downtown amenities, parks, and local schools, making it an ideal location for future tenants. With demand for rental units rising in Alma, this is a prime chance to design a high-demand space with modern amenities. All major demo work has been completed, allowing you to jump straight into the build phase. Potential for 3 or 4 rental units with ample off-street parking and outdoor space. Bring your vision, contractors, and design ideas to create a lucrative income-generating property in a growing community. Don't miss this blank-slate opportunity in one of Mid-Michigan's most promising rental markets!
Turnkey Investment Opportunity: Fully Leased 8-Unit Apartment Building in Prime Location. Discover this exceptional investment opportunity with a fully remodeled 8-unit apartment building, generating over $67,000 in annual revenue. Consisting of six spacious 2-bedroom units and two cozy 1-bedroom units, this property has consistently performed since its complete remodel in 2015. With modern finishes, updated systems, and thoughtful design throughout, it's no wonder the building has never experienced a vacancy since reopening. Situated in a desirable, well-connected location, the property enjoys a steady stream of rental demand and boasts a waiting list of eager tenants. Each unit features updated kitchens, bathrooms, and living spaces designed for comfortable, low-maintenance living. Tenants also appreciate the convenience of off-street parking, on-site laundry, and close proximity to local amenities, schools, and shopping centers. This fully leased property offers hassle-free ownership with a proven track record of reliable income and tenant satisfaction. Whether you're a seasoned investor or looking to expand your portfolio, this is a rare chance to acquire a stable, income-generating asset with excellent cash flow potential. Don�t miss out on this turnkey investment in a thriving rental market.
Historic former city hall, fire station, courthouse, and police station in Alma. Land contract is available with a 45% downpayment. Zoned B-1 Commercial. New HVAC in a third of the spaces. Property owner is a licensed real estate agent in the state of Michigan.
Manufacturing/ Warehouse space located in Alma. Over 100,000 sq. ft. of usable space between multiple buildings. The property is over 7 acres so there is even room to expand as well. Past use was set up for a main manufacturing building for production and a shipping and receiving building that also has storage. Alma is conveniently located in the center of the state with easy access to US-127 for North/South traffic and M-46 for East/West.
Large building boasting over 33,000 sq. ft. of space. Located in the Industrial park in Alma, this property is currently used as storage/warehouse but has the potential for more. Drive-in doors and a Loading dock give flexibility for in and out access. Alma is located in the convenient center of the state, with easy access to US-127 to travel North/South and M-46 for East/West. Less than an hour from Lansing and Less than 45 minutes from Saginaw.
Discover an unparalleled opportunity to transform a former pizza shop into a thriving recreational cannabis dispensary. This prime location offers immense potential for high traffic and visibility, nestled perfectly on the main route to all popular fast food destinations. This location guarantees a steady flow of potential customers throughout the day. Easily accessible from major roads and highways, making it a convenient stop for both local residents and commuters. Prominent storefront with ample signage opportunities to attract the attention of passersby and those heading to nearby eateries and shopping destinations. The existing layout of the former pizza shop offers flexibility for remodeling, allowing for designated areas such as consultation rooms, product displays, and a checkout counter. Transform this prime location into a cornerstone of the community�s recreational cannabis market, capitalizing on its strategic position and high visibility. This unique opportunity promises a prosperous future for the visionary entrepreneur. The license is included with the sale of the real estate and not released separately.
Seize this exceptional opportunity to establish your business in a versatile commercial property, previously home to a national chain drug store. This expansive almost 15,000 square foot building offers a blank slate for your vision, featuring a prime location on one of the busiest corners in Gratiot County. Key Features: -Established current lease: This property currently has a transferrable NNN lease for the remaining 8 years of a 25 year term, ending in 2032. - Drive-Through Pharmacy: Equipped with a convenient drive-through area, perfect for medical, retail, or service-oriented businesses. - Fire Suppression System: Fully installed fire suppression system ensures safety and compliance with local regulations. - ADA Compliant: The property includes ADA compliant bathrooms, doors, and main level entrances, ensuring accessibility for all customers. - Receiving Area: Roll-up outside doors provide easy access for receiving deliveries, enhancing operational efficiency. - Security System: the property is protected by a Bosch Commercial alarm/burglary protection system. Location Highlights: - Central Location: Ideally situated in the heart of Alma, this property is less than a block away from the Masonic Home and the MyMichigan Medical Center Alma Hospital, ensuring high visibility and traffic. - High Traffic Area: Positioned on one of the county�s busiest corners, your business will benefit from excellent exposure to both foot and vehicle traffic. - Proximity to Amenities: Close to various local amenities, including shopping centers, dining options, and other professional services, making it a convenient destination for your customers. Potential Uses: - Retail Store - Medical Facility - Office Space - Supermarket - Fitness Center This property�s adaptable layout and strategic location make it ideal for a wide range of commercial uses. Don�t miss out on the chance to create your perfect business space in a thriving area of Alma.
AN INVESTOR'S DREAM! Opportunities like this do not come along every day! Located in the heart of downtown Alma, three long-term tenants occupy the main floor, offering $1550.00 per month in rental income. But wait! Here's the best part...the second floor offers an additional 3000 sq ft of amazing POTENTIAL! With the necessary permits and approval, there is easily enough space to convert this blank slate into 3-4 apartments, allowing you to double, if not triple your monthly income! The possibilities are endless! Definitely not a drive by, call your Realtor today to schedule a closer look!
This 3.45-acre mixed-use property offers a unique investment opportunity with both steady residential and commercial rental income. It features four fully-rented apartment units, with a fifth unit nearing completion, as well as a newer 400-foot, 5-inch well. The property also includes a commercial building with store frontage, office space, and a special-purpose 80x40 barn, built in 2011. Currently, a dog grooming business rents the commercial space on a month-to-month basis. Additionally, there is a 40x80 pole building, offering future potential for business expansion or storage use. Conveniently located just off US-127, the property provides a prime location for business opportunities while maintaining consistent rental income from the residential units and commercial tenant. With a mix of residential and commercial space, along with room for further development, this property presents an excellent opportunity for investors looking for versatility and steady returns.
Welcome to an exceptional investment opportunity ââ?¬â?? the SCA Plaza! This prime property boasts a strategic location directly in front of the bustling Meijer department store, ensuring a steady flow of foot traffic and high visibility for the 11 units within. With over 15,000 square feet of versatile space, SCA Plaza provides an ideal canvas for a range of businesses, from retail shops and eateries to service providers and offices. The well-designed layout of the plaza ensures each unit benefits from maximum exposure, contributing to the overall success of the businesses within. The convenience of being adjacent to Meijer, a renowned and established retail giant, adds unparalleled value to this property. Patrons of the department store are likely to explore the offerings in Meijer Plaza, creating a symbiotic relationship that can significantly enhance the success of businesses operating here. This is not just a property; it's a strategic investment poised for success. The Meijer Plaza offers investors the chance to tap into a vibrant and thriving commercial hub. The local community's needs are met with the plaza's diverse range of units, ensuring a steady stream of customers from various demographics.
Approximately 8.86 acres of prime commercially zoned property on the Southeast corner of Business US-127 and M-46. This property is ideal for a motel, restaurant and 1-2 other businesses. It has one of the highest daily traffic counts in the Mid-Michigan area. (approximately 21,000 cars/day) Signage can be seen from the US-127 expressway. The property is eligible for Brownfield Redevelopment TIF Reimbursement of approximately 475,000. of eligible expenses that should be transferable to the buyer. Additionally, Pine River Township approved an application by the current owner of a 10 - year freeze of local property taxes under the Commercial Rehabilitation Act. Municipal sewer, natural gas, and 3 Phase electric is on site. Municipal water and multiple providers of high-speed internet are available.
Approximately 8.86 acres of prime commercially zoned property on the Southeast corner of Business US-127 and M-46. This property is ideal for a motel, restaurant and 1-2 other businesses. It has one of the highest daily traffic counts in the Mid-Michigan area. (approximately 21,000 cars/day) Signage can be seen from the US-127 expressway. The property is eligible for Brownfield Redevelopment TIF Reimbursement of approximately 475,000. of eligible expenses that should be transferable to the buyer. Additionally, Pine River Township approved an application by the current owner of a 10 - year freeze of local property taxes under the Commercial Rehabilitation Act. Municipal sewer, natural gas, and 3 Phase electric is on site. Municipal water and multiple providers of high-speed internet are available.
PRICE IS FOR 1 ACRE. PART OF A LARGER PARCEL. MORE LAND AVAILABLE.
The median home value in Alma, MI is $158,000. This is higher than the county median home value of $133,200. The national median home value is $338,100. The average price of homes sold in Alma, MI is $158,000. Approximately 50.89% of Alma homes are owned, compared to 41.29% rented, while 7.83% are vacant. Alma real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Alma real estate agent to arrange a tour today!
Alma, Michigan has a population of 9,426. Alma is less family-centric than the surrounding county with 21.2% of the households containing married families with children. The county average for households married with children is 26.14%.
The median household income in Alma, Michigan is $39,898. The median household income for the surrounding county is $53,347 compared to the national median of $69,021. The median age of people living in Alma is 32.4 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 32.9 inches per year, with 41.6 inches of snow per year.