Property summary
This exceptional 11,440-square-foot free-standing retail building, formerly a Rite Aid, presents a unique investment opportunity in Alma, Michigan. Located at 1341 Wright Ave, at the intersection of Wright Ave. and Warwick Dr., this single-tenant property sits on a generous 1.2-acre lot (APN: 29-51-332-253-20) and is zoned B2. The building is currently vacant, offering immediate occupancy for a new tenant. Ample parking is available with 54 spaces. The property boasts a convenient location in Alma, MI, 48801, with excellent visibility and accessibility. The building does not include elevators. Property taxes are $3 per square foot. This presents a blank canvas for a variety of retail uses, benefiting from its high-traffic location and substantial square footage. The substantial lot size offers potential for future expansion or redevelopment. This is an exceptional opportunity to acquire a well-located, sizable retail property in a thriving Michigan community. The property's size and location make it ideal for a variety of retail businesses. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Pharmacy
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Bank Credit Union
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Physician
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Atm
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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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