427 E Downie Street Alma, MI 48801

Listing agent Sue Welling License #6501286671 Show Phone

Listing office 43 NORTH REALTY m***@gmail.com 202 E Superior Street, Alma, MI Show Phone

Listing date Jan 9, 2026

Report an issue

MLS# 1941567 Listing URL

Copyright © 2026 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.

---

Investment Insights

Based on property information with market context.

This 0.1-acre corner lot, measuring 64 x 66, is located in the city of Alma. According to a survey conducted on November 25, 2025, the lot is zoned for multi-family residential use. The city has indicated that a 1056 square foot home could be built on the lot, subject to obtaining a variance. It may be possible to avoid flood insurance if fill is brought in to raise the property. The seller is willing to entertain a short term land contract. The property offers convenient access to shopping, medical facilities, entertainment venues, transportation options, and highways.

Key Highlights

• Zoned for multi‑family residential (surveyed 11‑25‑25).
• Seller willing to entertain a short term land contract.
• Desirable corner lot location with easy access to shopping, medical, entertainment, transportation, and highways.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $195,000

  13,266 SF

  Office and Gym Investment Building

  Multi-tenant building with an existing gym, an MSU Extension office suite, and a vacant space for flexible tenant use.

  217 N State, Alma, MI 48801

  View Details
• 

  $4,950,000

  34,539 SF

  Purpose-Built Senior Care Campus

  Move-in-ready senior housing and care facility with private suites, dedicated support areas, and life-safety systems.

  842 W Warwick Drive, Alma, MI 48801

  View Details
• 

  $549,900

  22,218 SF

  Class A Office Building with Parking

  Class A office building in downtown Alma with an elevator and large parking lot.

  311 Woodworth Avenue, Alma, MI 48801

  View Details
• 

  $225,000

  2,358 SF

  Brick Retail Storefront with Drive-Thru

  Includes front pickup area, private office, open production space, and ample parking with drive-thru window.

  316 W Superior Street, Alma, MI 48801

  View Details
• 

  $160,000

  1,280 SF

  Remodeled 1.5-Story Duplex

  Remodeled duplex with two separate units, including updated systems and a deep backyard for added outdoor space.

  313 Pleasant Avenue, Alma, MI 48801

  View Details
• 

  $435,000

  4,766 SF

  American Foursquare Bed & Breakfast Home

  Updated American Foursquare home with deck, walkout basement, and carriage house suited for a potential B&B.

  623 N State Street, Alma, MI 48801

  View Details
• 

  $125,000

  26,210 SF

  Industrial Building with Loading Dock

  Formerly used for manufacturing and inside storage, the property offers dock access and overhead doors on versatile land.

  700 W End Street, Alma, MI 48801

  View Details
• 

  $110,000

  6,951 SF

  Retail and Shop Building

  Nearly 7,000 sq. ft. retail-front with higher-ceiling shop space and a large rear door for easy deliveries.

  311 Prospect Street, Alma, MI 48801

  View Details
• 

  $149,000

  1,290 SF

  Two-Story Fourplex Income Property

  Well-maintained four-unit building with separate utility meters and furnaces, offering immediate partial occupancy.

  316 Euclid Street, Alma, MI 48801

  View Details
• 

  $195,000

  13,000 SF

  State Street Plaza Investment Opportunity

  Downtown Alma commercial building with tenants and vacant suites.

  217 N State, Alma, MI 48801

  View Details
• 

  $200,000

  1,220 SF

  Turn-Key Bar and Restaurant

  Fully equipped bar, updated seating, and entertainment space with street and rear parking for owner-operator continuity.

  308 N State Street, Alma, MI 48801

  View Details
• 

  $50,043

  3,720 SF

  Top-Bottom Duplex Investment

  Top-bottom duplex requiring full rehabilitation, offering two-bedroom, one-bath units in a residential multi-family zone.

  230 Ely Street, Alma, MI 48801

  View Details

FAQs

What type of property is this?

Land - Corner lot suitable for residential development with city variance approval.

Where is this land located?

The property is located at 427 E Downie Street Alma, MI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Zoned for multi‑family residential (surveyed 11‑25‑25).; Seller willing to entertain a short term land contract.; **Desirable corner lot location with easy access to shopping, medical, entertainment, transportation, and highways.**