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Multi-Suite Office Building
For Sale
$195,000

217 N State St, Alma, MI 48801

The property combines shared circulation with multiple private restrooms and two building entrances.

Property Size13,266 SF
Price / SF$14.70
Days on Market160

Property Features for 217 N State St

General Information

Standard status Active
Size 13,266 SF

Additional Details

Office Units 5

Building Details

Buildings 1
Tenancy Multi
Listing Agency: CENTURY 21 LEE-MAC REALTY
Listed By: Adam Vibber · License #6506046950
Source: Exprealty
Added: Mar 24 Changed: Aug 29 Last Checked: Aug 29 at 6:58PM

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 CENTURY 21 LEE-MAC REALTY

Investment Insights

Based on property information with market context.

State Street Plaza is a 13,266-square-foot office building at 217 N State St in Alma, Michigan. Its layout includes a shared hallway, two entrances, common bathrooms, and private bathrooms serving each of the three larger suites. Two smaller office suites add further configuration flexibility.

The building currently has two tenants: a gym occupies a 6,500-square-foot suite, while MSU Extension uses an almost 3,000-square-foot suite. A nearly 2,000-square-foot suite is vacant. The property has been separated from a larger parcel, and the city maintains the adjacent parking lot as a city lot. The building is next to the Post Office and near Alma’s downtown area.

Key Highlights

  • 13,266‑square‑foot office building at 217 N State St, Alma, MI
  • Two current tenants occupy a 6,500‑square‑foot gym suite and an almost 3,000‑square‑foot suite
  • Nearly 2,000‑square‑foot vacant suite plus two smaller office suites

Property Analytics

Current Use

The Gym 24/7 Fitness Gym & Fitness Center

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Law Firm Pharmacy

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

5
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - The property combines shared circulation with multiple private restrooms and two building entrances.
Where is this office building located?
The property is located at 217 N State St Alma, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 13,266‑square‑foot office building at 217 N State St, Alma, MI; Two current tenants occupy a 6,500‑square‑foot gym suite and an almost 3,000‑square‑foot suite; Nearly 2,000‑square‑foot vacant suite plus two smaller office suites
More about this property
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