Retail Space with
For Sale
$2,600,000
1420 Wright Avenue, Alma, MI 48801
Commercial, Alma, MI
Property Size14,820 SF
Lot Size1.89 Acres
Price / SF$175.44
Days on Market856
Property Features for 1420 Wright Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Exterior features
Brick, Block
Lot features
Corner Lot
Directions
Northeast corner of Wright Avenue and Warwick Drive in Alma
Subdivision
Gratiot
Standard status
Active
Size
14,820 SF
Lot size
1.89 Acres
Taxes and HOA fees
Tax Description
See Lengthy Legal
Legal Description
See Lengthy Legal
Amenities
ADA Compliant
Receiving Area
Security System
Building Details
Building materials
Brick, Block, Insulated Concrete Forms
Roof type
Membrane
Listing Agency:
43 NORTH REALTY
(989) 463-1219
Listed By:
Micah Kemler · License #6505426348
(989) 330-4037
Added: May 24, 2024
Changed: Sep 15
Last Checked: Sep 26 at 8:06AM
MLS# 1922746
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 14,820-square-foot retail property occupies 1.89 acres in Alma and includes a drive-through area, parking lot, receiving access, and a membrane roof. Brick and block construction is complemented by insulated concrete forms. Roll-up exterior doors support delivery access, while the building includes ADA-compliant bathrooms, doors, and main-level entrances. A Bosch commercial alarm and burglary protection system is installed, along with a fire suppression system.
The property is located at 1420 Wright Avenue, less than a block from the Masonic Home and MyMichigan Medical Center Alma Hospital. It sits near shopping, dining, and professional services in Alma, with exposure at a busy Gratiot County intersection.
A transferable NNN lease is in place for the remaining 8 years of a 25-year term, ending in 2032. The existing configuration includes two bathrooms and a drive-through pharmacy area suitable for retail, medical, or service-oriented operations.
The property is located at 1420 Wright Avenue, less than a block from the Masonic Home and MyMichigan Medical Center Alma Hospital. It sits near shopping, dining, and professional services in Alma, with exposure at a busy Gratiot County intersection.
A transferable NNN lease is in place for the remaining 8 years of a 25-year term, ending in 2032. The existing configuration includes two bathrooms and a drive-through pharmacy area suitable for retail, medical, or service-oriented operations.
Key Highlights
- 14,820 SF retail property on 1.89 acres
- Transferable NNN lease with 8 years remaining on a 25‑year term, ending in 2032
- Drive‑through pharmacy area with roll‑up exterior receiving doors
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Brick commercial building with a drive-through, receiving access, parking lot, and an existing transferable NNN lease.
Where is this retail space located?
The property is located at 1420 Wright Avenue Alma, MI.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 14,820 SF retail property on 1.89 acres; Transferable NNN lease with 8 years remaining on a 25‑year term, ending in 2032; Drive‑through pharmacy area with roll‑up exterior receiving doors
