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    318 Woodworth Ave Alma, MI 48801

    For Sale
    $138,000

    None - Alma, MI

    Lot size:
    0.32 Acres
    Days on Market:
    287
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 318 Woodworth Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Roof type
    Asphalt
    Architectural style
    Other

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

    Listing agent Bob Fall (989) 463-6085

    Listing date Feb 28, 2025

    MLS# 1926846 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

    Alma Investment Opportunity: Multi-Unit Potential

    Located in Alma, MI, this 3-4 unit property is an investment opportunity. The property has been gutted and is ready for renovation, offering possibilities for investors or developers. The blank canvas allows for creative freedom in designing multi-family living units or custom-designed apartments. Situated just off the business district in a quiet neighborhood, the property provides access to Alma College, downtown amenities, parks, and local schools. There is potential for 3 or 4 rental units with ample off-street parking and outdoor space. The property is located in a growing community and offers a chance to design a high-demand space with modern amenities. All major demolition work has been completed, allowing for immediate commencement of the build phase. The lot size is 0.32 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Laverne J. Berryo, ... Chiropractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.65984
    Latitude
    43.378324

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    FAQs

    What type of property is this?
    Apartment building - 3-4 unit property in Alma, MI, ready for renovation.
    Where is this apartment building located?
    The property is located at 318 Woodworth Ave Alma, MI.
    What is the asking price?
    The asking price for this property is $138,000.
    What are key features of this property?
    This property features: - Prime investment opportunity in Alma, MI, a promising rental market.; - Blank canvas property, completely gutted and ready for renovation, offering creative freedom.; - Potential for 3-4 rental units, allowing for flexible design and income potential.
    (989) 463-6085
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    318 Woodworth Ave Alma, MI 48801
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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
    318 Woodworth Ave Alma, MI 48801
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