Retail Building 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 Market820
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 2, Bathroom 1
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
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: Aug 4
Last Checked: Aug 21 at 1:06AM
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.
A nearly 15,000-square-foot retail building previously operated as a national chain drug store, offering a drive-through pharmacy area and a configuration suitable for a range of commercial uses. The property includes a fully installed fire suppression system and ADA-compliant bathrooms, doors, and main level entrances. Receiving is supported by roll-up outside doors, and security is provided by a Bosch commercial alarm/burglary protection system.
The asset sits on Wright Avenue in Alma, Michigan, on a corner location. It is described as being less than a block from the Masonic Home and MyMichigan Medical Center Alma Hospital.
The property is offered with a transferrable NNN lease for the remaining eight years of a 25-year term, ending in 2032.
The asset sits on Wright Avenue in Alma, Michigan, on a corner location. It is described as being less than a block from the Masonic Home and MyMichigan Medical Center Alma Hospital.
The property is offered with a transferrable NNN lease for the remaining eight years of a 25-year term, ending in 2032.
Key Highlights
- Almost 15,000 SF commercial building on a corner location in Alma, previously a national chain drug store
- Transferrable NNN lease in place with remaining 8 years of a 25‑year term, ending in 2032
- Drive‑through pharmacy area on‑site for retail, medical, or service‑oriented operations
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
201k
Monthly Visits Nearby
Well-served
Demand for This Use
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.
Similar Off Market Nearby
- Rite Aid Pharmacy — 1341 Wright Ave, Alma, MI 48801
- COVID-19 Drive-Thru Testing at Walgreens — 1420 Wright Ave, Alma, MI 48801
- Genoa Healthcare — 608 Wright Ave Room 106, Alma, MI 48801
- Cara Waite — 1341 Wright Ave, Alma, MI 488011134
- Andrew Johnson — 1420 Wright Ave, Alma, MI 488011018
Frequently Asked Questions
What type of property is this?
Drug store - Single-story retail building with drive-through, ADA features, fire suppression, and roll-up receiving doors.
Where is this drug store 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: Almost 15,000 SF commercial building on a corner location in Alma, previously a national chain drug store; Transferrable NNN lease in place with remaining 8 years of a 25‑year term, ending in 2032; Drive‑through pharmacy area on‑site for retail, medical, or service‑oriented operations
