311 Woodworth Ave Alma, MI 48801
For Sale
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This exceptional 28,000 square foot industrial property, situated in the heart of downtown Alma, Michigan, presents a remarkable investment opportunity. The building, formerly a bank, boasts a wealth of desirable features, including a substantial vault, a functional elevator, and two convenient parking lots. The main level showcases expansive windows, a striking brick interior, pre-partitioned office spaces, and dedicated teller areas. High ceilings, ranging from 10 to 15 feet, offer significant flexibility for creative design and layout. The upper level provides ample space for the creation of a loft or additional offices, easily accessible via both stairs and the existing elevator. This property encompasses two parcels of land, totaling 0.95 acres. Its prime downtown location offers unparalleled visibility and accessibility, with the added benefit of proximity to Alma College and a Starbucks. The surrounding area also features a strong retail presence, including major players such as Walmart, Meijer, Tractor Supply Company, and Ollie's Bargain Outlet. This versatile space is ideal for a wide range of businesses, from offices and retail establishments to innovative ventures seeking a unique and well-equipped location. The asking price is $675,000.
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Mercantile Bank of Michigan Bank Loan Service
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.