Multifamily Renovation
For Sale
$138,000
318 Woodworth Avenue, Alma, MI 48801
COMMERCIAL - Alma, MI
Property SizeContact for details
Lot Size0.32 Acres
Days on Market715
Property Features for 318 Woodworth Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Exterior features
Vinyl, Aluminum, Brick
Directions
S. on Woodworth from Superior.
Subdivision
Gratiot
Standard status
Active
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
N 1/3 OF LOT 21 & ALL OF LOTS 22, 23, & 24, BLK 23 OT
Legal Description
N 1/3 OF LOT 21 & ALL OF LOTS 22, 23, & 24, BLK 23 OT
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
CENTURY 21 LEE-MAC REALTY
(989) 463-6085
Listed By:
Bob Fall · License #6506049037
(989) 737-3927
Added: Sep 5, 2024
Changed: Aug 4
Last Checked: Aug 20 at 10:06PM
MLS# 1926846
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 multifamily property at 318 Woodworth Avenue has been gutted, with major demolition completed ahead of renovation. The existing structure offers a starting point for developing either three or four rental units, subject to final design and applicable approvals. Exterior materials include vinyl, aluminum, and brick, with frame construction and an asphalt roof.
The property occupies 0.32 acres in Alma, just off the business district in a quiet neighborhood. Alma College, downtown amenities, parks, and local schools are identified nearby. Off-street parking and outdoor space are also included, providing practical site features for a future multifamily layout.
The property occupies 0.32 acres in Alma, just off the business district in a quiet neighborhood. Alma College, downtown amenities, parks, and local schools are identified nearby. Off-street parking and outdoor space are also included, providing practical site features for a future multifamily layout.
Key Highlights
- Potential for 3 or 4 rental units
- Major demolition work already completed
- 0.32‑acre property in Alma
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Gutted multifamily property with completed demolition work and room for a new interior configuration.
Where is this multifamily property located?
The property is located at 318 Woodworth Avenue Alma, MI.
What is the asking price?
The asking price for this property is $138,000.
What are key features of this property?
This property features: Potential for 3 or 4 rental units; Major demolition work already completed; 0.32‑acre property in Alma
