1755 Wright Ave, Alma, MI 48801-1023
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.
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Ollie's Bargain Outlet Discount Store
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Phantom Fireworks Stand Discount Store Party Supply Store
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.