1405 Wright Ave Alma, MI 48801
For Sale
1 / 2
This exceptional 2,400 square foot industrial property, situated on a 0.63-acre lot at 1405 Wright in Alma, MI, presents a truly unique investment opportunity. Previously a pizza shop, this building boasts a highly desirable location on a main thoroughfare leading to popular fast-food restaurants, ensuring consistent high traffic and excellent visibility. Its convenient access from major roads and highways makes it easily accessible to both local residents and commuters. The prominent storefront offers ample space for signage, maximizing its potential to attract customers. The existing layout provides a flexible foundation for conversion into a recreational cannabis dispensary, allowing for the creation of dedicated areas such as consultation rooms, product display areas, and a checkout counter. The property's strategic placement and high visibility make it ideally suited for capitalizing on the growing recreational cannabis market in the Alma area. This turnkey opportunity includes a valid license for cannabis sales, eliminating a significant hurdle for potential buyers. The asking price is $525,000. Don't miss this chance to establish a thriving business in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.