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Multi-Suite Office Building
For Sale
Under Contract
$195,000

217 N State, Alma, MI 48801

Commercial, Alma, MI

Property Size13,266 SF
Lot Size0.36 Acres
Price / SF$14.70
Days on Market197

Property Features for 217 N State

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Commercial
Parking features Parking Lot
Exterior features Block
Lot features Shopping Center
Directions Just South of Post Office.
Subdivision Gratiot
Standard status Active Under Contract
Size 13,266 SF
Lot size 0.36 Acres

Taxes and HOA fees

Tax Description See Associated Docs for Full Legal Description.
Legal Description See Associated Docs for Full Legal Description.

Amenities

common hallway
common bathrooms

Building Details

Building materials Block
Roof type Membrane
Listing Agency: CENTURY 21 LEE-MAC REALTY
Listed By: Adam Vibber · License #6506046950
Added: Mar 24 Changed: Sep 23 Last Checked: Oct 6 at 1:06AM
MLS# 1943180

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 13,266-square-foot office building is arranged for multiple occupants, with two existing tenants, a vacant nearly 2,000-square-foot suite, and two smaller office suites. The current layout includes a 6,500-square-foot gym suite and an almost 3,000-square-foot MSU Extension suite. A common hallway connects two entrances and shared bathrooms, while each of the three larger suites has its own restroom. Block construction and a membrane roof complete the building improvements.

The property occupies 0.36 acres at 217 N State in downtown Alma, next to the Post Office and just off the downtown area. Parking is provided through a city-maintained lot. The building has a block exterior and a multi-suite configuration suitable for continued office and service-oriented occupancy.

Key Highlights

  • 13,266‑square‑foot office building on 0.36 acres
  • Two current tenants, including a 6,500‑square‑foot gym suite
  • MSU Extension occupies an almost 3,000 sq. ft. suite

Property Analytics

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Current Use

The Gym 24/7 Fitness Gym & Fitness Center

Suggested Use

Top Pick Electrical Service Pharmacy Kitchen & Bath Showroom Big Box & Wholesale Store Parking Lot & Garage Plumbing 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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Shared circulation and restrooms support a mix of larger and smaller office configurations.
Where is this office building located?
The property is located at 217 N State 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 on 0.36 acres; Two current tenants, including a 6,500‑square‑foot gym suite; MSU Extension occupies an almost 3,000 sq. ft. suite
More about this property
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