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    Alma, MI

    Alma, MI Commercial Real Estate for Sale

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    Office and Gym Investment Building
    Updated: Mar 24
    Office and Gym Investment Building

    217 N State, Alma, MI 48801

    $195,000
    13,266 sqft · 0.36 AC lot
    State Street Plaza in downtown Alma—over 13,000 sq. ft. block building with membrane roof
    Current tenant mix: Gym occupies a 6,500 sq. ft. suite; MSU Extension occupies nearly 3,000 sq. ft.
    Vacant nearly 2,000 sq. ft. suite plus two smaller office suites available in the building
    Suite layout includes a common hallway with two entrances and common bathrooms
    Three larger suites each include their own individual bathrooms
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    Purpose-Built Senior Care Campus
    Updated: Jun 15
    Purpose-Built Senior Care Campus

    842 W Warwick Drive, Alma, MI 48801

    $4,950,000
    34,539 sqft · 6.19 AC lot
    34,500 SF purpose‑built healthcare facility on 6.19 acres in Alma, MI, constructed in 2008
    45 private resident suites, each with an en‑suite bathroom, across three residential wings
    Each wing includes dedicated nursing stations, kitchens, and support areas for healthcare operations
    Institutional life‑safety features include a whole‑building emergency backup generator and a comprehensive fire suppression system
    Dedicated commercial kitchen area remains in place for future operator equipment
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    Class A Office Building with Parking
    Class A Office Building with Parking

    311 Woodworth Avenue, Alma, MI 48801

    $549,900
    22,218 sqft · 1.13 AC lot

    Class A office building in downtown Alma with an elevator and large parking lot.

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    Brick Retail Storefront with Drive-Thru
    Brick Retail Storefront with Drive-Thru

    316 W Superior Street, Alma, MI 48801

    $225,000
    2,358 sqft · 0.21 AC lot

    Includes front pickup area, private office, open production space, and ample parking with drive-thru window.

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    American Foursquare Bed & Breakfast Home
    American Foursquare Bed & Breakfast Home

    623 N State Street, Alma, MI 48801

    $435,000
    4,766 sqft · 0.88 AC lot

    Updated American Foursquare home with deck, walkout basement, and carriage house suited for a potential B&B.

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    Industrial Building with Loading Dock
    Industrial Building with Loading Dock

    700 W End Street, Alma, MI 48801

    $125,000
    26,210 sqft · 6.00 AC lot

    Formerly used for manufacturing and inside storage, the property offers dock access and overhead doors on versatile land.

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    Retail and Shop Building
    Retail and Shop Building

    311 Prospect Street, Alma, MI 48801

    $110,000
    6,951 sqft · 0.31 AC lot

    Nearly 7,000 sq. ft. retail-front with higher-ceiling shop space and a large rear door for easy deliveries.

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    State Street Plaza Investment Opportunity
    State Street Plaza Investment Opportunity

    217 N State, Alma, MI 48801

    $195,000
    13,000 sqft · 0.36 AC lot

    Downtown Alma commercial building with tenants and vacant suites.

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    Turn-Key Bar and Restaurant
    Turn-Key Bar and Restaurant

    308 N State Street, Alma, MI 48801

    $200,000
    1,220 sqft · 0.09 AC lot

    Fully equipped bar, updated seating, and entertainment space with street and rear parking for owner-operator continuity.

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    Medical Office Building For Sale
    Medical Office Building For Sale

    245 E Warwick Dr, Alma, MI 48801

    $629,000
    7,100 sqft

    Well-maintained medical office building in a strong medical corridor.

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    Purpose-Built Healthcare Facility Campus
    Purpose-Built Healthcare Facility Campus

    842 W Warwick Drive, Alma, MI 48801

    $4,950,000
    34,539 sqft · 6.19 AC lot

    Move-in-ready healthcare campus with private suites, on-site parking, and institutional life-safety systems for care-focused operators.

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    Retail Property with Separate Building
    Retail Property with Separate Building

    2324 W Monroe Road, Alma, MI 48801

    $475,000
    8,665 sqft · 2.13 AC lot

    Two-building retail site on the M-46 corridor with substantial indoor space for flexible tenanting.

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    Corner Commercial Land Parcel
    Corner Commercial Land Parcel

    323 W Superior Street, Alma, MI 48801

    $750,000
    1.30 AC lot

    Corner parcel offered for commercial development, with City of Alma approval required for future business plans.

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    Retail Building with Drive-Through
    Retail Building with Drive-Through

    1420 Wright Avenue, Alma, MI 48801

    $3,300,000
    14,820 sqft · 1.89 AC lot

    Former drug store building with drive-through access, ADA features, and a transferable NNN lease through 2032.

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    Downtown Office and Work Space
    Downtown Office and Work Space

    414 N State, Alma, MI 48801

    $99,900
    3,458 sqft · 0.22 AC lot

    Multi-office layout with larger work/storage areas and multiple entrances, offering flexible use possibilities in downtown Alma.

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    Iconic Alma City Cleaners Opportunity
    Iconic Alma City Cleaners Opportunity

    316 W Superior St, Alma, MI 48801

    $225,000

    Long-established dry cleaning business with high visibility and ample parking.

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    Commercial Land in Downtown Alma
    Commercial Land in Downtown Alma

    323 W Superior St, Alma, MI 48801

    $750,000
    1.30 AC lot

    1.3 acres of commercial land near Alma College.

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    Retail Shopping Center in Front of Meijer
    Retail Shopping Center in Front of Meijer

    7342 N Alger Road, Alma, MI 48801

    $2,100,000
    15,480 sqft · 1.90 AC lot

    For sale 11-unit retail plaza totaling 15,480 SF, positioned directly in front of a Meijer department store.

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    Mixed-Use Property with Income Potential
    Mixed-Use Property with Income Potential

    Alma, MI 48801

    $375,000
    3.45 AC lot

    3.45-acre property with residential and commercial rental income.

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    26,000 SF Warehouse on 6 Acres
    26,000 SF Warehouse on 6 Acres

    700 W End Street, Alma, MI 48801

    $125,000
    26,210 sqft · 6.00 AC lot

    26,000 SF warehouse on 6 acres in Alma, Michigan.

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    Mixed-Use Multi-Family with Retail
    Mixed-Use Multi-Family with Retail

    5705 N State Road, Alma, MI 48801

    $375,000
    2,579 sqft · 3.45 AC lot

    Four fully rented apartments plus a leased commercial building provide combined residential and income-producing space.

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    Mixed-Use Income Property
    Mixed-Use Income Property

    5705 N State Road, Alma, MI 48801

    $375,000
    23,443 sqft · 3.45 AC lot

    Mixed residential and commercial rental income on 3.45 acres, with multiple outbuildings and a producing well.

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    Adaptable Commercial Property in Alma
    Adaptable Commercial Property in Alma

    1420 Wright Avenue, Alma, MI 48801

    $3,300,000
    14,820 sqft · 1.89 AC lot

    Versatile 14,820 sqft commercial space in a high-traffic location.

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    Downtown Alma Class A Office
    Downtown Alma Class A Office

    311 Woodworth Ave, Alma, MI 48801

    $549,900
    22,218 sqft

    Class A office building with large parking lot attached.

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    Alma, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Alma, MI, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 339,843 square feet of properties for sale, with an estimated market value of $28,213,700.

    Sale prices for business properties in Alma, MI start at $99,900, averaging $1,175,570, and reaching up to $4,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 13K
    Population Growth (5Y) +5.6%
    Median Household Income $57,449
    College Educated 19.2%

    High-Yield Neighborhoods for Investment

    Identify Alma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48801 $996.2K

    Taxes & Financing

    Tax Rate (average for all types) 4.53%
    Tax Rate vs County Average 0.57 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gratiot County

    New Delisted

    Total CRE Inventory on Market (SF)

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