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Property profile & analytics
FOR SALE
Commercial real estate

311 Woodworth Ave Alma, MI 48801

0.94 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US43-2927394
Property summary
AI-generated overview

This exceptional 28,000 square foot industrial property, situated in the heart of downtown Alma, Michigan, presents a remarkable investment opportunity. The building, formerly a bank, boasts a wealth of desirable features, including a substantial vault, a functional elevator, and two convenient parking lots. The main level showcases expansive windows, a striking brick interior, pre-partitioned office spaces, and dedicated teller areas. High ceilings, ranging from 10 to 15 feet, offer significant flexibility for creative design and layout. The upper level provides ample space for the creation of a loft or additional offices, easily accessible via both stairs and the existing elevator. This property encompasses two parcels of land, totaling 0.95 acres. Its prime downtown location offers unparalleled visibility and accessibility, with the added benefit of proximity to Alma College and a Starbucks. The surrounding area also features a strong retail presence, including major players such as Walmart, Meijer, Tractor Supply Company, and Ollie's Bargain Outlet. This versatile space is ideal for a wide range of businesses, from offices and retail establishments to innovative ventures seeking a unique and well-equipped location. The asking price is $675,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.94 ac (40,946 SF)
APN 51-031-262-00
UPID US43-2927394
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mercantile Bank of Michigan Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cpm Properties LLC · 3 yrs held
Cpm Properties LLC
since 2022
Last sale
$275,000
3 recorded transactions
2022
Price N/A
2022
$275,000
2022
$325,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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