Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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