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Property profile & analytics
FOR SALE
Commercial real estate

1405 Wright Ave Alma, MI 48801

0.63 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US43-2887065
Property summary
AI-generated overview

This exceptional 2,400 square foot industrial property, situated on a 0.63-acre lot at 1405 Wright in Alma, MI, presents a truly unique investment opportunity. Previously a pizza shop, this building boasts a highly desirable location on a main thoroughfare leading to popular fast-food restaurants, ensuring consistent high traffic and excellent visibility. Its convenient access from major roads and highways makes it easily accessible to both local residents and commuters. The prominent storefront offers ample space for signage, maximizing its potential to attract customers. The existing layout provides a flexible foundation for conversion into a recreational cannabis dispensary, allowing for the creation of dedicated areas such as consultation rooms, product display areas, and a checkout counter. The property's strategic placement and high visibility make it ideally suited for capitalizing on the growing recreational cannabis market in the Alma area. This turnkey opportunity includes a valid license for cannabis sales, eliminating a significant hurdle for potential buyers. The asking price is $525,000. Don't miss this chance to establish a thriving business in a prime location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.63 ac (27,443 SF)
APN 51-332-257-00
UPID US43-2887065
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Commom C Properties LLC · 4 yrs held
Commom C Properties LLC
since 2022
3 recorded transactions
2022
Price N/A
2020
Price N/A
2020
$180,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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