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Downtown Alma Commercial Space
For Lease
$13,800/Mo Modified Gross

127 E Superior Street, Alma, MI 48801

Flexible commercial space in downtown Alma with build-to-suit opportunity.

Space SizeContact for details
Days on Market188

Property Features for 127 E Superior Street

General Information

Standard status Active
Listing Agency: II GEMINI, LLC
Listed By: Ryan Smith · License #6502407123
Source: Exprealty
Added: Feb 5 Changed: Aug 8 Last Checked: Aug 7 at 9:09AM

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 II GEMINI, LLC

Investment Insights

Based on property information with market context.

This commercial space is located in downtown Alma, offering approximately 2,000 square feet of flexible space in Unit B on the north side of the building. The unit is accessible from Woodworth Avenue, next to the city municipal parking lot. The interior features an open and functional floor plan with existing service areas, sinks, counters, shelving, and customer-facing areas. Ceiling heights are approximately 10 feet to the current drop ceiling, with the potential to open the space back up to the original ceiling height of approximately 14 feet. Previously operated as a coffee shop and then a smoothie shop, the space includes existing commercial infrastructure that may benefit food, beverage, service, or specialty users. The space can be adapted for a wide range of concepts, including retail, office, salon, professional services, studio, showroom, or other commercial uses. The landlord is willing to consider a build-to-suit arrangement for the right tenant. The space is being advertised at a base rental rate, and any tenant-specific improvements, upgrades, or build-out costs would be negotiated into the lease structure and base rent. Lease structure is modified gross, with the tenant responsible for their portion of utilities.

Key Highlights

  • Build‑to‑Suit Opportunity: Landlord willing to negotiate tenant‑specific improvements and build‑out costs into the lease.
  • Prime Downtown Alma Location: Positioned in the heart of downtown with convenient access.
  • Flexible Commercial Space: Adaptable for a wide range of concepts including retail, office, salon, or other commercial uses.

Property Analytics

Current Use

Fit Fuel Smoothie ... Cafe & Coffee Shop Gratiot Area Chamber ... Business Service Center Alma Mini Mall Shopping Center & Mall American Dream Properties Real Estate Agency Kolar & Co. Real Estate Agency

Suggested Use

Top Pick Electrical Service Parking Lot & Garage Law Firm Big Box & Wholesale Store Kitchen & Bath Showroom Garden Center

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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

506
Businesses Nearby
15k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 80% Home Improvements & Furnishings 20%
Dollar General Shops & Services
7,511 visits/mo 0.1 miles
Alma True Value Hardware Home Improvements & Furnishings
2,218 visits/mo 0.2 miles
Marathon Petroleum Shops & Services
2,031 visits/mo 0.3 miles
Citgo Shops & Services
1,713 visits/mo 0.4 miles
Mercantile Bank Shops & Services
1,213 visits/mo 0.2 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

$19.65 /SF/Yr
Avg Asking Price
$4.4–$82.8 /SF/Yr
Price Range
2,682 SF
Avg Space Size

This space is priced 321% above the average of $19.65 /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
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial space in downtown Alma with build-to-suit opportunity.
Where is this retail space located?
The property is located at 127 E Superior Street Alma, MI.
What is the lease rate?
The lease rate is $13,800/Mo.
What are key features of this property?
This property features: Build‑to‑Suit Opportunity: Landlord willing to negotiate tenant‑specific improvements and build‑out costs into the lease.; Prime Downtown Alma Location: Positioned in the heart of downtown with convenient access.; Flexible Commercial Space: Adaptable for a wide range of concepts including retail, office, salon, or other commercial uses.
More about this property
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