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    Retail Plaza with Multiple Units
    Updated: Feb 22, 2024
    Retail Plaza with Multiple Units

    7342 N Alger Road, Alma, MI 48801

    $2,100,000
    15,480 sqft 1.90 AC lot
    SCA Plaza offers 11 units with over 15,000 sq ft of versatile commercial space.
    Property is located directly in front of a Meijer department store.
    Vinyl and wood exterior with frame construction.
    Asphalt roof.
    Parking available via on‑site parking lot.
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    SCA Plaza Investment Opportunity
    Updated: Feb 23, 2024
    SCA Plaza Investment Opportunity

    Alma, MI 48801

    $2,100,000
    15,480 sqft 1.90 AC lot
    Prime location directly in front of Meijer, ensuring high visibility and foot traffic.
    Boasting over 15,000 square feet of versatile space suitable for various businesses.
    11 units designed for maximum exposure.
    Strategic investment opportunity in a thriving commercial hub.
    Benefits from symbiotic relationship with adjacent Meijer store.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, 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.

    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    108 E Center Street, Ithaca, MI 48847

    $299,900
    13,632 sqft 0.38 AC lot

    Brick commercial building built in 1987 with six storefront-style suites and street and municipal parking nearby.

    View details
    Downtown Retail and Office Building
    Downtown Retail and Office Building

    108 E Center St, Ithaca, MI 48847

    $299,900
    13,600 sqft

    Fully occupied brick building with storefront-style suites and elevator service across multiple office, retail, and service tenants.

    View details
    Multi-Storefront Retail Property
    Multi-Storefront Retail Property

    Saginaw, MI 48603

    $599,999
    9,920 sqft 0.55 AC lot

    Multi-storefront retail property with recent system upgrades, totaling 9,920 SF on 0.55 acres in Saginaw.

    View details
    Commercial Retail Investment Opportunity
    Commercial Retail Investment Opportunity

    Saginaw, MI 48609

    $1,900,000
    6.93 AC lot

    53,726 SF retail property with long-term tenants and 90% occupancy.

    View details

    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.

    Corner Development Land With Long Frontage
    Corner Development Land With Long Frontage

    3452-3466-3480 Elms Road, Flushing, MI 48433

    $650,000
    1,342 sqft 10.90 AC lot

    10.9-acre development site with 494-foot road frontage and a rental home, zoned for C-2 and residential uses.

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    Commercially Zoned Development Land
    Commercially Zoned Development Land

    435 28th Street, Grand Rapids, MI 49548

    $399,000
    0.97 AC lot

    Commercially zoned land site offered for shopping center, fast food, or service station development.

    View details
    Prime Land in Byron Center
    Prime Land in Byron Center

    82-136 100th Street, Byron Center, MI 49315

    $1,995,000
    3.20 AC lot

    Versatile land with high traffic, ideal for various commercial uses.

    View details
    Prime Land in Byron Center
    Prime Land in Byron Center

    92 & 82 100th Street, Byron Center, MI 49315

    $895,000
    1.76 AC lot

    Versatile land with high visibility and development potential in Byron Center.

    View details

    Alma, MI Shopping Centers Market Trends and Statistics

    Explore 2 shopping centers for sale in Alma, MI on our real estate platform. These investment opportunities span a total of 30,960 square feet of properties for sale, with an estimated market value of $4,200,000.

    Sale prices for plazas in Alma, MI average $2,100,000 — 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

    Storefront properties 15
    Drug stores 4
    Shopping centers 4
    Banks 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 $2.1M

    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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