7900 7990 7996 Alma, MI 48801
- Industrial properties
- 8.00 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 7900 7990 7996
- Year built
- 2023
- Lot size
- 8.00 lot acres
- Property type
- Industrial properties
Description
This exceptional 8.86-acre commercial property sits at the highly visible southeast corner of US-127 and M-46 in Alma, Michigan, boasting one of the highest daily traffic counts in Mid-Michigan (approximately 21,000 vehicles). Its prime location ensures excellent signage visibility from the US-127 expressway, making it ideal for a variety of businesses. The zoning allows for multiple uses, making it perfect for a motel, restaurant, and one or two additional businesses. Significant financial incentives are available to the buyer. The property is eligible for approximately $475,000 in Brownfield Redevelopment Tax Increment Financing (TIF) reimbursement for eligible expenses. Furthermore, Pine River Township has granted a 10-year freeze on local property taxes under the Commercial Rehabilitation Act, offering substantial long-term cost savings. The site is well-equipped with essential utilities, including municipal sewer, natural gas, and three-phase electric service. Municipal water is readily available, along with multiple high-speed internet providers. This presents a rare opportunity to acquire a strategically located, high-traffic commercial property with significant financial advantages. The asking price is $2,100,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alma
- County
- Gratiot
- State
- Michigan
- Longitude
- -84.6648
- Latitude
- 43.4073
