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    Alma, MI
    Drug Store

    Alma, MI Drug Stores for Sale

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    Retail Building with Drive-Through
    Updated: May 24, 2024
    Retail Building with Drive-Through

    1420 Wright Avenue, Alma, MI 48801

    $2,600,000
    14,820 sqft 1.89 AC lot
    Almost 15,000 SF commercial building on a corner location in Alma, previously a national chain drug store
    Transferrable NNN lease in place with remaining 8 years of a 25‑year term, ending in 2032
    Drive‑through pharmacy area on‑site for retail, medical, or service‑oriented operations
    Fully installed fire suppression system and Bosch commercial alarm/burglar protection system
    ADA‑compliant features including bathrooms, doors, and main‑level entrances
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    Adaptable Commercial Property in Alma
    Updated: May 25, 2024
    Adaptable Commercial Property in Alma

    1420 Wright Avenue, Alma, MI 48801

    $2,600,000
    14,820 sqft 1.89 AC lot
    Prime location on a high‑traffic corner near the Masonic Home and MyMichigan Medical Center Alma Hospital.
    Existing transferrable NNN lease with 8 years remaining (ending in 2032) of a 25 year term.
    Expansive almost 15,000 sq ft building suitable for diverse commercial uses (retail, medical, office, etc.).
    Drive‑through for convenient customer access.
    ADA compliant bathrooms, doors, and entrances.
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    Drive-Through Retail Pharmacy Building
    Drive-Through Retail Pharmacy Building

    1420 Wright Avenue Unit SourceFi, Alma, MI 48801

    $2,600,000
    14,820 sqft

    Freestanding NNN retail building with a drive-through area, ADA-compliant access, and roll-up receiving doors.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Drug Store with Drive-Through
    Drug Store with Drive-Through

    1420 Wright Avenue, Alma, MI 48801

    $2,600,000
    15,000 sqft

    Former national chain drug store with drive-through, ADA features, and an NNN lease remaining through 2032.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Vitamin Shoppe Investment Property
    Vitamin Shoppe Investment Property

    4875 Bay Rd, Saginaw, MI 48603

    $1,340,000
    3,096 sqft 1.03 AC lot

    3,069 SF Vitamin Shoppe on 1.03 Acres For Sale

    View details
    Former Drug Store Hard Corner
    Former Drug Store Hard Corner

    1019 W Saginaw St, Lansing, MI 48915

    Contact for pricing
    11,680 sqft

    Former drug store building totaling 11,680 SF at a signalized hard-corner intersection.

    View details
    Corporate Guaranteed Walgreens Investment
    Corporate Guaranteed Walgreens Investment

    410 E Jolly Rd, Lansing, MI 48910

    Contact for pricing

    Single-tenant Walgreens investment with a corporate guaranteed lease extended through 2034.

    View details
    Retail Drugstore Property
    Retail Drugstore Property

    806 Gratiot Ave, Saginaw, MI 48602

    Contact for pricing

    Retail drugstore property on Gratiot Avenue with a recently updated building facade.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Parcel with Road Frontage
    Land Parcel with Road Frontage

    1257 E Sherman Boulevard, Norton Shores, MI 49444

    $185,000
    0.23 AC lot

    Vacant land offering 218 feet of road frontage, with an additional parcel that includes a two-bedroom home.

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    Hart, MI Undeveloped Commercial Land
    Hart, MI Undeveloped Commercial Land

    3308 W Monroe Road lot: B - 23.56 Acres, Hart, MI 49420

    $300,000
    23.56 AC lot

    23.56 acres of commercially zoned land near expressway.

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    Undeveloped Land in Weare Township
    Undeveloped Land in Weare Township

    3308 W Monroe Road lot: C - 25.74 Acres, Hart, MI 49420

    $360,000
    25.74 AC lot

    25.74 acres of commercially zoned land near expressway.

    View details
    Hart, MI Undeveloped Commercial Land
    Hart, MI Undeveloped Commercial Land

    3308 W Monroe Road lot: A - 2.18 Acres, Hart, MI 49420

    $60,000
    2.18 AC lot

    2.18 acres of commercially zoned land near expressway.

    View details

    Alma, MI Drug Stores Market Trends and Statistics

    Explore 4 drug stores for sale in Alma, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 59,460 square feet of properties for sale, with an estimated market value of $10,400,000.

    Sale prices for pharmacies in Alma, MI average $2,600,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 17
    Drug stores 5
    Shopping centers 4
    Banks 1
    Grocery and convenience stores 1

    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 $2.8M

    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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