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    Alma, MI
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    Alma, MI Restaurants for Sale

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    Saint Louis, MI Ithaca, MI Elwell, MI Elm Hall, MI Riverdale, MI Breckenridge, MI Shepherd, MI Wheeler, MI
    Turn-Key Bar and Restaurant
    Updated: May 20, 2025
    Turn-Key Bar and Restaurant

    308 N State Street, Alma, MI 48801

    $200,000
    1,220 sqft 0.09 AC lot
    Exterior features include block construction and stucco/drivit finish
    Frame construction with a membrane roof
    On‑site parking lot with street and rear parking
    Pine Knot Bar includes a fully equipped bar, updated seating area, and entertainment space
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    Freestanding Quick-Service Restaurant
    Updated: May 15
    Freestanding Quick-Service Restaurant

    1490 Wright Ave, Alma, MI 48801

    $780,771
    3,043 sqft 0.73 AC lot
    Freestanding 3,043 SF KFC on a 0.73‑acre parcel at 1490 Wright Ave in Alma, MI
    Secured by a long‑term 20‑year NNN lease with tenant responsibility for taxes, insurance, and maintenance
    Annual net operating income of $54,654
    Located within a primary retail corridor with proximity to surrounding residential neighborhoods and commercial activity
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Public 18-Hole Golf Course
    Public 18-Hole Golf Course

    1508 N State Road, Ithaca, MI 48847

    $1,250,000
    3,000 sqft 119.00 AC lot

    Well-maintained public 18-hole course with clubhouse, pro shop, and bar & grill, plus practice facilities and ample parking.

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    18-Hole Golf Course and Clubhouse
    18-Hole Golf Course and Clubhouse

    N 1508 N State Road Unit SourceFi, Ithaca, MI 48847

    $1,250,000
    3,000 sqft

    Well-maintained public 18-hole par 70 course with clubhouse pro shop, bar and grill, practice facilities, and parking.

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    Restaurant Tavern with Outdoor Bar
    Restaurant Tavern with Outdoor Bar

    6681 N Lumberjack Road, Riverdale, MI 48877

    $399,000
    6,560 sqft 0.37 AC lot

    Turnkey tavern and restaurant with added outdoor bar, updated septic, and backup generator, plus additional space above.

    View details
    Historic Tavern with Award-Winning Fish
    Historic Tavern with Award-Winning Fish

    Riverdale, MI 48877

    $399,900
    4,000 sqft

    Turnkey restaurant/tavern with rental potential and updated amenities.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Downtown Alma
    Commercial Land in Downtown Alma

    323 W Superior St, Alma, MI 48801

    $750,000
    1.30 AC lot

    1.3 acres of commercial land near Alma College.

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    Commercially Zoned Corner Land
    Commercially Zoned Corner Land

    7900,7990,7996 N Alger Road, Alma, MI 48801

    $2,100,000
    8.00 AC lot

    Large commercial parcel with utilities on site and strong expressway visibility for restaurant, lodging, and complementary uses.

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    Build-Ready Double Commercial Lot
    Build-Ready Double Commercial Lot

    Saint Louis, MI 48880

    $50,000
    0.51 AC lot

    Build-ready commercial lot with easy access and parking/outdoor flexibility, formerly associated with Tony's Restaurant.

    View details
    Commercial Land in Union Twp
    Commercial Land in Union Twp

    Mount Pleasant, MI 48858

    $149,900
    1.36 AC lot

    1.36 acres of commercial land in Union Township, Michigan.

    View details

    Alma, MI Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Alma, MI on our real estate platform. These investment opportunities span a total of 4,263 square feet of properties for sale, with an estimated market value of $980,771.

    Sale prices for restaurant properties in Alma, MI start at $200,000, averaging $490,385, and reaching up to $780,771 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Coffee shops 1
    Conventional restaurants 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) +5.6%
    Median Household Income $57,449
    College Educated 19.2%

    High-Yield Neighborhoods for Investment

    Identify Alma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48801 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 4.53%
    Tax Rate vs County Average 0.57 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gratiot County

    New Delisted

    Total CRE Inventory on Market (SF)

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