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    Alma, MI
    Shopping Center

    Alma, MI Shopping Centers for Sale

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    11-Unit Shopping Center
    Updated: Feb 22, 2024
    11-Unit Shopping Center

    7342 N Alger Road, Alma, MI 48801

    $2,100,000
    15,480 sqft 1.90 AC lot
    11‑unit shopping center with 15,480 square feet of total property area
    1.9‑acre parcel in Alma, Michigan
    Positioned directly in front of and adjacent to Meijer
    Dedicated on‑site parking lot
    Frame construction with vinyl and wood exterior materials
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    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 property with six occupied suites, interior storefront-style circulation, an elevator, and access to municipal parking.

    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 Shopping Center
    Multi-Storefront Shopping Center

    Saginaw, MI 48603

    $599,999
    9,920 sqft 0.55 AC lot

    Recent roof, mechanical, electrical, and plumbing upgrades support continued multi-unit retail occupancy.

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    Multi-Tenant Neighborhood Shopping Center
    Multi-Tenant Neighborhood Shopping Center

    30 N Center Rd, Saginaw, MI 48638

    Contact for pricing
    7.73 AC lot

    Established retail center with restaurant, service, and community-oriented commercial space across two parcels.

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    Alma, MI Shopping Centers Market Trends and Statistics

    Explore 1 shopping centers for sale in Alma, MI on our real estate platform. These investment opportunities span a total of 15,480 square feet of properties for sale, with an estimated market value of $2,100,000.

    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 8
    Drug stores 2
    Shopping centers 2
    Grocery and convenience stores 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%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Gratiot County

    Residential Income

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