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Retail Space in Town Plaza
For Lease
$15 SF/Yr NNN

1636 Wright Avenue, Alma, MI 48801

COMMERCIAL - Alma, MI

Space Size5,500 SF
Days on Market1060

Property Features for 1636 Wright Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning description Commercial
Exterior features Block
Lot features Shopping Center
Directions In Northtown Plaza.
Subdivision Gratiot
Standard status Active
Size 5,500 SF

Taxes and HOA fees

Tax Description No Legal-Lease.
Legal Description No Legal-Lease.

Building Details

Building materials Block
Roof type Membrane
Listing Agency: CENTURY 21 LEE-MAC REALTY
Listed By: Bob Fall · License #6506049037
Added: Sep 27, 2023 Changed: Aug 4 Last Checked: Aug 21 at 3:06AM
MLS# 1916224

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.

Available for lease is approximately 5,500 square feet of retail space within Alma’s North Town Plaza. The space has previously been used as a clothing store and fitness center, and can support a range of retail and service-oriented concepts. The offering is structured as a Triple Net plus CAM lease.

North Town Plaza is located on BUS-127 and serves a high-traffic corridor. The plaza sits between major retailers to the north and the hospital and downtown to the south, and includes multiple dining options. Current occupants include the Secretary of State and several restaurants, with additional retail and service tenants at the center.

This space is being marketed as flexible within the context of a multi-tenant retail plaza, providing an established shopping environment and a consistent mix of surrounding businesses.

Key Highlights

  • 5500 SF of lease space available in Alma's North Town Plaza
  • Lease offered as Triple Net plus CAM
  • Plaza is located on BUS‑127 with high traffic counts

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office Big Box & Wholesale Store Law Firm Spa & Massage 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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

643
Businesses Nearby
232k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 38% Groceries 23% Shops & Services 21% Home Improvements & Furnishings 16%
Meijer Groceries
53,531 visits/mo 0.3 miles
McDonald's Dining
23,307 visits/mo 0.1 miles
Family Farm & Home Home Improvements & Furnishings
17,213 visits/mo 0.5 miles
Tractor Supply Co. Home Improvements & Furnishings
15,583 visits/mo 0.2 miles
Taco Bell Dining
15,093 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

Lease Benchmarks for Alma, MI

$21.87 /SF/Yr
Avg Asking Price
$13–$82.8 /SF/Yr
Price Range
2,689 SF
Avg Space Size

This space is priced 31% below the average of $21.87 /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 - Multi-use retail lease space within North Town Plaza on BUS-127 in Alma, MI.
Where is this retail space located?
The property is located at 1636 Wright Avenue Alma, MI.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 5500 SF of lease space available in Alma's North Town Plaza; Lease offered as Triple Net plus CAM; Plaza is located on BUS‑127 with high traffic counts
More about this property
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