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Cannabis Dispensary Property
New
For Sale
$190,000

1405 Wright Avenue, Alma, MI 48801

COMMERCIAL - Alma, MI

Property Size2,400 SF
Lot Size0.63 Acres
Price / SF$79.17
Days on Market2

Property Features for 1405 Wright Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Parking features Parking Lot
Exterior features Aluminum, Brick
Lot features Freestanding
Directions N. on Wright from Superior.
Subdivision Gratiot
Standard status Active
Size 2,400 SF
Lot size 0.63 Acres

Taxes and HOA fees

Tax Description COM AT A POINT 485' S OF THE NE COR OF SEC 33-12-3 AND 43' W OF THE E LINE OF SAID SEC. THE W 240', S 115', E 240', N 115' TO POB.
Legal Description COM AT A POINT 485' S OF THE NE COR OF SEC 33-12-3 AND 43' W OF THE E LINE OF SAID SEC. THE W 240', S 115', E 240', N 115' TO POB.

Building Details

Building materials Frame
Roof type Tile
Listing Agency: CENTURY 21 LEE-MAC REALTY
Listed By: Bob Fall · License #6506049037
Added: Aug 4 Last Checked: Aug 5 at 3:06AM
MLS# 1948860

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,400-square-foot commercial property offers an existing former pizza shop layout that can be adapted for recreational cannabis dispensary operations. The building includes a prominent storefront, parking lot, frame construction, aluminum and brick exterior elements, and a tile roof. The 0.63-acre site provides the setting for the existing commercial improvements.

Located at 1405 Wright Avenue in Alma, Michigan, the property is positioned along a route serving nearby fast-food and shopping destinations. The cannabis license is included in the sale of the real estate and is not offered separately. The existing configuration provides a starting point for remodeling the interior to support dispensary functions.

Key Highlights

  • Recreational cannabis license included with the real estate sale
  • 2,400 square feet of existing commercial space
  • 0.63‑acre property in Alma, Michigan

Property Analytics

Current Use

Cannabis Properties

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Building Supply Parking Lot & Garage Electrical Service HVAC Service

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

Location Intelligence

Trade Area within ½ mile

649
Businesses Nearby
201k
Monthly Visits Nearby

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

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?
Cannabis property - Former pizza shop with storefront improvements, a parking lot, and an included cannabis license.
Where is this cannabis property located?
The property is located at 1405 Wright Avenue Alma, MI.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Recreational cannabis license included with the real estate sale; 2,400 square feet of existing commercial space; 0.63‑acre property in Alma, Michigan
More about this property
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