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Historic Retail Space in Alma
For Lease
$14 SF/Yr

101 E Superior St, Alma, MI 48801

Retail space in a modernized historic building with high visibility.

Space SizeContact for details
Days on Market995

Property Features for 101 E Superior St

General Information

Standard status Active
Listing Agency: CENTURY 21 LEE-MAC REALTY
Listed By: Adam Vibber · License #6506046950
Source: Exprealty
Added: Nov 30, 2023 Changed: Aug 20 Last Checked: Aug 20 at 9:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 LEE-MAC REALTY

Investment Insights

Based on property information with market context.

This retail space, located in the historic Opera House building in downtown Alma, offers approximately 3,200 square feet of leasing area. The space is currently a white box, ready for customization by a new tenant. The building has been modernized while retaining its historic charm. Large windows and doors provide ample natural light and enhance curb appeal. Situated on E Superior St, the property benefits from high traffic counts. The location is in a thriving business district with outdoor seating, art murals, entertainment, and events. The building also houses over 50 college residents on its upper floors.

Key Highlights

  • Large 3,200 sq ft 'white box' space ready for customization.
  • Located in the thriving downtown Alma business district with high traffic.
  • Historic Opera House building with modernized infrastructure and original charm.

Property Analytics

Current Use

Olive & Co. Boutique Clothing & Fashion Store Wright-Leppien Opera House Hotel & Motel Alma Opera House Apartment Building

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Building Supply Real Estate Agency Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby
15k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 80% Home Improvements & Furnishings 20%
Dollar General Shops & Services
7,511 visits/mo 0.3 miles
Alma True Value Hardware Home Improvements & Furnishings
2,218 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
2,031 visits/mo 0.1 miles
Citgo Shops & Services
1,713 visits/mo 0.3 miles
Mercantile Bank Shops & Services
1,213 visits/mo 0.1 miles

Demographics for 48801, MI

13,006
Population
5,408
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
95%
High-School Grad
70.8 sq mi
ZIP Area
184
Density / Sq Mi
$57,449
Median Household Income
$30,146
Median Earnings
$795
Median Rent
$120,300
Median Home Value

Market

Lease Benchmarks for Alma, MI

$21.87 /SF/Yr
Avg Asking Price
$13–$82.8 /SF/Yr
Price Range
2,689 SF
Avg Space Size

This space is priced 36% below the average of $21.87 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in a modernized historic building with high visibility.
Where is this retail space located?
The property is located at 101 E Superior St Alma, MI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Large 3,200 sq ft 'white box' space ready for customization.; Located in the thriving downtown Alma business district with high traffic.; Historic Opera House building with modernized infrastructure and original charm.
More about this property
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