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    Alma, MI
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    Alma, MI Hospitality Properties for Sale

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    Saint Louis, MI Ithaca, MI Elwell, MI
    Victorian Home Near Downtown Alma
    $435,000
    4,766 SF

    Victorian Home Near Downtown Alma

    623 N State Street, Alma, MI 48801

    Large updated Victorian with potential for various business opportunities.

    • Large Victorian home with over 6000 sq ft, offering significant space and potential.
    • Updated HVAC system with central heating/air and mini‑splits for modern comfort.
    • New roof, updated painting, and expanded concrete parking enhance the property's value and appeal.
    • Large 2nd story back deck and added concrete underneath provide outdoor living space.
    • Carriage house 2‑car garage with unfinished loft offers additional storage or potential living space.
    Updated: Nov 23, 2025
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    Prime Commercial Land For Sale
    $2,100,000
    8.86 Acres

    Prime Commercial Land For Sale

    7900,7990,7996 N Alger, Alma, MI 48801

    8.86 acres of commercially zoned property ideal for development.

    • Prime commercial zoning on a high‑traffic corner lot (Business US‑127 and M‑46) with approximately 21,000 cars/day.
    • Eligible for Brownfield Redevelopment TIF Reimbursement of approximately $475,000.
    • Approved 10‑year freeze of local property taxes under the Commercial Rehabilitation Act.
    • Municipal sewer, natural gas, and 3‑Phase electric are on site.
    • Signage visible from US‑127 expressway.
    Updated: Oct 12, 2023
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

    Greenville Commercial Property For Sale
    $574,900
    1,320 SF

    Greenville Commercial Property For Sale

    1.4 acre commercial property ready for redevelopment near M57.

    109 S Greenville W Drive, Greenville, MI 48838
    View details
    Historic Mansion Bed and Breakfast
    $945,000
    9,000 SF

    Historic Mansion Bed and Breakfast

    Thriving bed and breakfast in a restored 9,000 sq. ft. mansion.

    Saint Johns, MI 48879
    View details
    Renovated Motel Near Sandy Pines
    $995,000
    2,000 SF

    Renovated Motel Near Sandy Pines

    Four-unit motel in opportunity zone, near future residential development.

    Greenville, MI 48838
    View details
    Prime Development Land on US 127
    $2,000,000
    40.15 Acres

    Prime Development Land on US 127

    40.15 acres on US 127, ideal for development.

    2690 N Us Highway 27, Saint Johns, MI
    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.

    Prime Commercial Land For Sale
    $2,100,000
    8.00 Acres

    Prime Commercial Land For Sale

    8.86 acres ideal for motel, restaurant, and other businesses.

    7900,7990,7996 N Alger Road, Alma, MI 48801
    View details
    Recreational Land in White Birch Lakes
    Contact for pricing
    0.80 Acres

    Recreational Land in White Birch Lakes

    0.80-acre camping lot with association amenities.

    Lot 827 Hemlock, Farwell, MI 48622
    View details
    Wooded Lot in Recreational Association
    $38,900
    0.79 Acres

    Wooded Lot in Recreational Association

    0.79 acre wooded lot with septic and electric hookups.

    5682 Maple, Farwell, MI 48622
    View details
    Recreational Land in Gated Community
    $44,000
    0.75 Acres

    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622
    View details

    Alma, MI Hospitality Properties Investment Opportunities Market Analysis

    Explore 2 hospitality properties for sale in Alma, MI on our real estate platform. These investment opportunities span a total of 4,766 square feet of properties for sale, with an estimated market value of $435,000.

    Sale prices for hospitality properties in Alma, MI start at $435,000, averaging $435,000, and reaching up to $435,000 — 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

    Bed & breakfasts 1
    Motels 1

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    48801 $1.3M

    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%

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