1341 Wright Ave, Alma, MI 48801-1134
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.
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Rite Aid Photo (Bike/Boat/Book/etc) Store
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Rite Aid Pharmacy
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.