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    Alma, MI
    Hospitality

    Alma, MI Hospitality Properties for Sale

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    American Foursquare Bed & Breakfast Home
    Updated: Nov 23, 2025
    American Foursquare Bed & Breakfast Home

    623 N State Street, Alma, MI 48801

    $435,000
    4,766 sqft 0.88 AC lot
    Over 6,000 sq ft American Foursquare‑style home built in 1910 with wood siding and forced‑air heating.
    Updates include a new roof, updated HVAC with central heating/air plus mini‑splits, and updated painting.
    New windows and skylights added to the large attic bonus area.
    Expanded concrete parking and a large 2nd‑story back deck with added concrete underneath.
    Walkout basement with potential to finish, plus a carriage house with a 2‑car garage and unfinished loft.
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    Bed & Breakfast Property
    Updated: Nov 23, 2025
    Bed & Breakfast Property

    623 N State Street, Alma, MI 48801

    $435,000
    1910 American Foursquare home with over 6,000 total SF, including main living area, walkout basement, and carriage house 2‑car garage plus unfinished loft
    Modern updates include a new roof and updated HVAC with central heating/air plus mini‑splits
    Large 2nd story back deck with concrete underneath, plus expanded concrete parking
    New windows including skylights in the large attic bonus area, along with updated interior painting
    Walkout basement offers potential to finish
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 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.

    Mixed-Use Property with Campground
    Mixed-Use Property with Campground

    7251 Midland Road, Freeland, MI 48623

    $600,000
    4,960 sqft 10.19 AC lot

    Commercial property combining workshop, showroom, storage, and rustic campground operations.

    View details
    Flex Property with Workshop
    Flex Property with Workshop

    7251 Midland Road, Freeland, MI 48623

    $600,000

    Commercially zoned property combines showroom and workshop areas with power infrastructure, storage, and an attached campground.

    View details
    Restored Historic Bed & Breakfast
    Restored Historic Bed & Breakfast

    Saint Johns, MI 48879

    $945,000
    9,000 sqft 1.03 AC lot

    Lodging property with seven themed suites, private bathrooms, an innkeeper’s suite, and a separate carriage house.

    View details
    Prime Development Land on US 127
    Prime Development Land on US 127

    2690 N Us Highway 27, Saint Johns, MI

    Contact for pricing
    40.15 AC lot

    40.15 acres on US 127, ideal for development.

    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.

    Commercially Zoned Corner Land
    Commercially Zoned Corner Land

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

    $2,100,000
    8.00 AC lot

    Large commercial parcel with utilities on site and strong expressway visibility for restaurant, lodging, and complementary uses.

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    Campground RV Lot with Large Deck
    Campground RV Lot with Large Deck

    978 timberlynn trail Road, Sanford, MI 48657

    $35,000
    0.37 AC lot

    Large-deck campground RV lot in a gated community, with a shed and private water service for seasonal use.

    View details

    Alma, MI Hospitality Properties Market Trends and Statistics

    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 $870,000.

    Sale prices for hospitality properties in Alma, MI average $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

    Commercial property segments ranked by active listings on the market

    Bed & breakfasts 2

    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 $435K

    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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