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    1755 Wright Ave Alma, MI 48801

    For Lease
    $8 SF/Yr

    Prime Retail Space Available Now

    Lot size:
    83,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property in Alma, MI, offers a unique investment opportunity. The 83,520 square foot building, renovated in 2024, sits on a spacious 14.32-acre lot and features a single building with three suites. Previously occupied by a KMart, the space has been successfully repurposed and currently houses Tractor Supply and Ollie's Bargain Outlet. A significant portion of the building, totaling 29,104 square feet, is currently vacant and available for lease. This flexible space is ideal for a variety of retail or restaurant uses, with a minimum divisible space of 5,000 square feet. The property's recent renovation ensures modern amenities and a high-quality environment for tenants. Its strategic location in Alma, MI, provides excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The ample parking and expansive land area offer significant potential for expansion or additional development. This is a rare opportunity to acquire a well-maintained, recently renovated retail center with immediate occupancy potential in a desirable market. The size and flexibility of the available space make it suitable for a single large tenant or multiple smaller businesses. Contact us today to learn more about this exceptional property and explore the possibilities.

    Property Features for 1755 Wright Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    83,520 SF
    Total Rate
    55680

    Building Details

    Year Renovated
    2024
    Buildings
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    29,104 SF
    Rate per SF
    $8

    HighLights

    • Retail and restaurant space totaling 83,520 square feet.
    • Multi‑tenant building with three suites.
    • 29,104 square feet of vacant space available, divisible to a minimum of 5,000 square feet.
    • Situated on 14.32 acres of land.
    • Recently renovated in 2024.
    • Single building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ollie's Bargain Outlet Discount Store Phantom Fireworks Stand Fireworks Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.6686713
    Latitude
    43.3962588

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space Available Now
    Where is this restaurant located?
    The property is located at 1755 Wright Ave Alma, MI.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Retail and restaurant space totaling 83,520 square feet.; Multi-tenant building with three suites.; 29,104 square feet of vacant space available, divisible to a minimum of 5,000 square feet.
    Request Owner's contact information
    1755 Wright Ave Alma, MI 48801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1755 Wright Ave Alma, MI 48801
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