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    1380 Wright Ave Alma, MI 48801

    For Sale
    $699,000

    High-yield, low-maintenance commercial property.

    Property size:
    1,866 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional Alma, MI commercial property presents a prime investment opportunity, boasting 1,866 square feet on a 0.56-acre lot. The property generates over $42,000 in annual income from two established tenants under triple net (NNN) leases, minimizing landlord responsibilities to structural roof, exterior, and load-bearing walls. One tenant, a thriving quick-service pizza restaurant and fast-food delivery operation, holds a lease extending through 2028 with renewal options, contributing $30,000 annually with scheduled rent increases. The second tenant, a digital advertising company, occupies the property under a remarkable 40-year lease, providing consistent income of $12,000 per year, also subject to scheduled rent increases. Their strategically positioned digital advertising sign ensures high visibility for local businesses. This property offers a secure, long-term investment with built-in rent escalations, promising stable cash flow and significant appreciation potential. The low-maintenance nature of the NNN leases makes this an ideal asset for investors seeking a hassle-free, high-yield addition to their portfolio. The property is located at 1380 Wright, Alma, MI and is priced at $699,000.

    Property Features for 1380 Wright Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    1,866 SF
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Domino's Pizza Pizza Delivery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.6663
    Latitude
    43.3913

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    FAQs

    What type of property is this?
    Industrial property - High-yield, low-maintenance commercial property.
    Where is this industrial property located?
    The property is located at 1380 Wright Ave Alma, MI.
    What is the asking price?
    The asking price for this property is $699,000.
    (989) 463-1219
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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
    1380 Wright Ave Alma, MI 48801
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