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    1588 Wright Ave Alma, MI 48801

    For Lease
    $15 SF/Yr ($2,803 /Mo)

    Retail Store - Alma, MI

    Property size:
    2,243 SF
    Days on Market:
    72
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 1588 Wright Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    2,243 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Building materials
    Block
    Roof type
    Membrane
    Architectural style
    Other

    CENTURY 21 LEE-MAC REALTY (989) 463-6085

    Listing agent Bob Fall (989) 463-6085

    Listing date Sep 25, 2025

    MLS# 1916221 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in North Town

    Approximately 2,250 sq ft of lease space is available in Alma's North Town Plaza. The space is built out with offices and workshop space, and includes an overhead door in the back. The plaza is located on BUS-127, benefiting from high traffic counts. Situated between Meijer and Walmart to the north, and the hospital and downtown to the south, the plaza hosts a variety of food choices, the Secretary of State, several restaurants, a future large community church, and other retail and service-based businesses. The lease is offered as a Triple Net plus CAM. The property is zoned commercial and is located in Gratiot County.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.666612
    Latitude
    43.394348

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    FAQs

    What type of property is this?
    Retail space - 2,250 sq ft retail space in high-traffic North Town Plaza.
    Where is this retail space located?
    The property is located at 1588 Wright Ave Alma, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on BUS-127, situated between Meijer/Walmart and the Hospital/Downtown area.; - Approximately 2,250 sq ft of lease space with existing offices and workshop area.; - Includes an overhead door providing direct exterior access.
    (989) 463-6085
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    Alma, MI 48801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1588 Wright Ave Alma, MI 48801
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