11-Unit Shopping
For Sale
$2,100,000
7342 N Alger Road, Alma, MI 48801
Commercial, Alma, MI
Property Size15,480 SF
Lot Size1.90 Acres
Price / SF$135.66
Days on Market947
Property Features for 7342 N Alger Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Retail, Commercial
Parking features
Parking Lot
Exterior features
Vinyl, Wood
Lot features
Shopping Center
Directions
N. on Wright Avenue from Superior.
Subdivision
Gratiot
Standard status
Active
Size
15,480 SF
Lot size
1.90 Acres
Taxes and HOA fees
Tax Description
COM 971.23 FT S OF W 1/4 COR OF SEC, TH S 184.75 FT, E 461.85 FT, N 184.81 FT, W 461.85 FT TO POB, SEC 27-12-3. 1.90 A.
Legal Description
COM 971.23 FT S OF W 1/4 COR OF SEC, TH S 184.75 FT, E 461.85 FT, N 184.81 FT, W 461.85 FT TO POB, SEC 27-12-3. 1.90 A.
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
CENTURY 21 LEE-MAC REALTY
(989) 463-6085
Listed By:
Bob Fall · License #6501436188
(989) 737-3927
Added: Feb 22, 2024
Changed: Sep 3
Last Checked: Sep 26 at 3:06AM
MLS# 1919562
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 shopping center contains 11 units totaling 15,480 square feet on a 1.9-acre parcel. The multi-tenant layout provides separate commercial spaces within a single retail-oriented property. Exterior construction includes frame materials with vinyl and wood finishes, while the building is topped by an asphalt roof. On-site parking is provided through a dedicated parking lot.
Located at 7342 N Alger Road in Alma, Michigan, the property sits directly in front of and adjacent to Meijer. Its placement next to the established department store connects the center to an active retail setting and provides clear physical proximity to a major commercial occupant. The property is identified in Gratiot County and carries an Alma mailing address.
Located at 7342 N Alger Road in Alma, Michigan, the property sits directly in front of and adjacent to Meijer. Its placement next to the established department store connects the center to an active retail setting and provides clear physical proximity to a major commercial occupant. The property is identified in Gratiot County and carries an Alma mailing address.
Key Highlights
- 11‑unit shopping center with 15,480 square feet of total property area
- 1.9‑acre parcel in Alma, Michigan
- Positioned directly in front of and adjacent to Meijer
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
299k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 19%
Groceries 18%
Shops & Services 16%
Walmart
Superstores
55,743 visits/mo
0.3 miles
Meijer
Groceries
53,531 visits/mo
0.2 miles
McDonald's
Dining
23,307 visits/mo
0.4 miles
Family Farm & Home
Home Improvements & Furnishings
17,213 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
15,583 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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-unit retail plaza positioned beside Meijer with a dedicated parking lot and flexible commercial space.
Where is this shopping center located?
The property is located at 7342 N Alger Road Alma, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 11‑unit shopping center with 15,480 square feet of total property area; 1.9‑acre parcel in Alma, Michigan; Positioned directly in front of and adjacent to Meijer
