Property profile

1242 Superior St Alma, MI 48801

OFF-MARKET
Other commercial real estate
Property ID
US43-3790246
0.28 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property consists of approximately 3,800 sq. ft. of ground-floor commercial space designed for uses such as retail, service businesses, office space, or mixed-use development, and it is located along a primary entry route into Alma with traffic flow toward the city. The main level includes a recently installed 220-amp electrical system and updated PVC and PEX plumbing across both floors. Three separate electrical meters are provided to support configurable power service for different spaces. Evidence indicates sewer line replacements. The second floor contains two residential apartments, each approximately 900 sq. ft., with 2 bedrooms, a living room, a kitchen/dining area, a full bathroom, and in-unit laundry hookups; one unit is move-in ready and the other requires repair work. The property is approximately 1 mile from downtown Alma and about 2.5 miles from US-127.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.28 ac (12,197 SF)
APN 51-021-041-00
UPID US43-3790246

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Church
  • Consultant

Location

1242 Superior St Alma, MI 48801-2658
Alma metro Census 600 ALMA, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2026
Last sale
$85,000
2 recorded transactions
2026
$85,000
2018
Price N/A

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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