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    OFF-MARKET
    Commercial real estate

    1755 Wright Ave, Alma, MI 48801-1023

    6.85 ac lot
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US43-2776127
    Property summary
    AI-generated overview

    This exceptional retail property in Alma, MI, offers a unique investment opportunity. The 83,520 square foot building, renovated in 2024, sits on a spacious 14.32-acre lot and features a single building with three suites. Previously occupied by a KMart, the space has been successfully repurposed and currently houses Tractor Supply and Ollie's Bargain Outlet. A significant portion of the building, totaling 29,104 square feet, is currently vacant and available for lease. This flexible space is ideal for a variety of retail or restaurant uses, with a minimum divisible space of 5,000 square feet. The property's recent renovation ensures modern amenities and a high-quality environment for tenants. Its strategic location in Alma, MI, provides excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The ample parking and expansive land area offer significant potential for expansion or additional development. This is a rare opportunity to acquire a well-maintained, recently renovated retail center with immediate occupancy potential in a desirable market. The size and flexibility of the available space make it suitable for a single large tenant or multiple smaller businesses. Contact us today to learn more about this exceptional property and explore the possibilities.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 6.85 ac (298,386 SF)
    APN 51-283-505-21
    UPID US43-2776127
    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
    Current use
    Occupant on record · Public records
    • Ollie's Bargain Outlet Discount Store
    • Phantom Fireworks Stand Discount Store Party Supply Store
    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
    Fidc 84 LLC · 7 yrs held
    Fidc 84 LLC
    since 2019
    2 recorded transactions
    2019
    $1.1M
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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