Approved Dispensary Facility For
For Sale
Contact for pricing
1405 Wright Ave, Alma, MI 48801
Approved medical dispensary, soon to have recreational license.
Property Size2,800 SF
Price / SF$178.57
Days on Market1609
Property Features for 1405 Wright Ave
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail
Investment Type
Owner/User
Listing Agency:
Global One Realty
Listed By:
shawn baek · License #MI 6505350917
Source:
Crexi
Added: Mar 27, 2022
Changed: Aug 14
Last Checked: Aug 20 at 3:55PM
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 Global One Realty
Investment Insights
Based on property information with market context.
This property, formerly a Pizza Hut, is located in the heart of the business district on Wright Ave. It is close to Alma College and MyMichigan Hospital. The location is approved for a medical dispensary and is expected to receive a recreational license soon, following the city's vote to opt-in on recreational marijuana sales. The city is currently preparing the ordinance. It is one of three dispensary licenses in the largest city in Gratiot County, with a population of 9,000. The property is close to the US127 exit, potentially drawing customers from St. Louis, Ithaca, and other areas. The property is 2,800 square feet. The city has voted to opt-in on Recreational marijuana sales.
Key Highlights
- Approved for medical dispensary and expected to receive recreational license soon.
- One of only 3 dispensary licenses in the largest city in Gratiot County.
- Located in the heart of the business district on Wright Ave.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
201k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 27%
Shops & Services 17%
Home Improvements & Furnishings 10%
Meijer
Groceries
53,531 visits/mo
0.5 miles
McDonald's
Dining
23,307 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
15,583 visits/mo
0.3 miles
Taco Bell
Dining
15,093 visits/mo
0.4 miles
Burger King
Dining
13,950 visits/mo
0.3 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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Cannabis property - Approved medical dispensary, soon to have recreational license.
Where is this cannabis property located?
The property is located at 1405 Wright Ave Alma, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approved for medical dispensary and expected to receive recreational license soon.; One of only 3 dispensary licenses in the largest city in Gratiot County.; Located in the heart of the business district on Wright Ave.
