Property profile

7900 7990 7996 Alma, MI 48801

OFF-MARKET
Industrial properties
8 ac lot Built 2023
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Year built 2023
Lot 8 ac (348,480 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7900 7990 7996 Alma, MI 48801
Alma metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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