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    2324 Monroe Rd Alma, MI 48801

    For Sale
    $520,000

    Prime Retail Space, M-46 Corridor, High Traffic

    Property size:
    8,665 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This expansive Alma, MI commercial property offers 8,665 square feet of versatile space, ideally situated on the high-traffic M-46 corridor. The main building boasts over 5,000 square feet of prime retail space, perfect for multiple tenants or a flagship operation. Its excellent visibility ensures high traffic and significant exposure for any business. Adding to its appeal is a separate building offering an additional 3,300+ square feet of indoor space, providing ample room for storage, operations, or expansion. This unique dual-building setup presents exceptional flexibility for a wide range of retail ventures. The property sits on a 2.13-acre lot, providing ample parking and potential for future development. Located in Alma, MI, this property offers easy access to major transportation routes and a thriving local community. The asking price is $520,000. This is a rare opportunity to acquire a high-visibility, versatile commercial property with significant potential for growth and profitability in a desirable location. The property's size and layout make it suitable for a variety of retail concepts, offering a strong return on investment for the right buyer.

    Property Features for 2324 Monroe Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    8,665 SF
    Lot Size
    92,783 SF

    Building Details

    Year Built
    1960
    Insight Report Location Intelligence

    Current Use by Public Records

    Fetch-A-Do Pet Groomer Redbird Pet Food ... Pet Supply Store Pet supply store Store

    Suggested Use

    Restaurant Building Supply Wholesale Shop Clothing Store Hotel & Motel Gym & Fitness Nail Salon Pharmacy Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.65158
    Latitude
    43.40865

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    FAQs

    What type of property is this?
    Industrial property - Prime Retail Space, M-46 Corridor, High Traffic
    Where is this industrial property located?
    The property is located at 2324 Monroe Rd Alma, MI.
    What is the asking price?
    The asking price for this property is $520,000.
    (989) 463-6085
    Request Owner's contact information
    2324 Monroe Rd 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
    2324 Monroe Rd Alma, MI 48801
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