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    Alma, MI
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    Alma, MI Specialty Properties for Sale

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    6 properties
    Two-Building Multifamily Property
    Updated: Aug 8
    Two-Building Multifamily Property

    1107 Michigan Avenue, Alma, MI 48801

    $275,000
    2,782 sqft 0.29 AC lot
    Two buildings included: former church and neighboring parsonage
    2,782 square feet on a 0.29‑acre lot
    Parsonage includes 3 bedrooms and 1.5 baths
    Former church includes 2 bedrooms and a half bath
    Residential zoning
    View details
    Retail Building with Drive-Through
    Updated: May 24, 2024
    Retail Building with Drive-Through

    1420 Wright Avenue, Alma, MI 48801

    $2,600,000
    14,820 sqft 1.89 AC lot
    Almost 15,000 SF commercial building on a corner location in Alma, previously a national chain drug store
    Transferrable NNN lease in place with remaining 8 years of a 25‑year term, ending in 2032
    Drive‑through pharmacy area on‑site for retail, medical, or service‑oriented operations
    Fully installed fire suppression system and Bosch commercial alarm/burglar protection system
    ADA‑compliant features including bathrooms, doors, and main‑level entrances
    View details
    Freestanding Quick-Service Restaurant
    Freestanding Quick-Service Restaurant

    1490 Wright Ave, Alma, MI 48801

    $780,771
    3,043 sqft 0.73 AC lot

    Freestanding KFC secured by a long-term 20-year NNN lease with tenant responsibility for taxes, insurance, and maintenance.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Drive-Through Retail Pharmacy Building
    Drive-Through Retail Pharmacy Building

    1420 Wright Avenue Unit SourceFi, Alma, MI 48801

    $2,600,000
    14,820 sqft

    Freestanding NNN retail building with a drive-through area, ADA-compliant access, and roll-up receiving doors.

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    Drug Store with Drive-Through
    Drug Store with Drive-Through

    1420 Wright Avenue, Alma, MI 48801

    $2,600,000
    15,000 sqft

    Former national chain drug store with drive-through, ADA features, and an NNN lease remaining through 2032.

    View details
    Church Property with Parsonage
    Church Property with Parsonage

    1107 Michigan Ave, Alma, MI 48801

    $275,000

    Two-building property with residential zoning and distinct former church and parsonage improvements.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 6 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, 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.

    NNN Medical Office Investment
    NNN Medical Office Investment

    211 S Crapo St, Mount Pleasant, MI 48858

    $999,425

    NNN medical office for sale with tenants responsible for property taxes, insurance, and maintenance.

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    Dollar General NNN Investment Property
    Dollar General NNN Investment Property

    705 S Main St, Crystal, MI

    Contact for pricing
    9,235 sqft 1.04 AC lot

    NNN Dollar General in Crystal, MI with 13+ years remaining.

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    Specialty Corner Property with Stop Light
    Specialty Corner Property with Stop Light

    Mount Pleasant, MI 48858

    $325,000

    Corner site at a busy, signalized intersection with high traffic counts and municipal services on-site, subject to a current residential lease.

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    Wedding Venue with Campground
    Wedding Venue with Campground

    643 S Old Camp Trail, Crystal, MI 48818

    Contact for pricing

    This property includes a commercial kitchen restaurant area and 30+ electric hook-ups for rustic campsites.

    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.

    Commercial Land on Paved Road
    Commercial Land on Paved Road

    408 N Clare, Harrison, MI 48625

    $45,000
    65,776 sqft 1.51 AC lot

    Commercial zoned land parcel close to expressway, many possibilities.

    View details
    Airpark Lot in Sugar Springs
    Airpark Lot in Sugar Springs

    1674 BYE WAY, Gladwin, MI 48624

    $39,900
    1.06 AC lot

    1-acre lot with airpark access and Sugar Springs amenities.

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    Paved Commercial Land
    Paved Commercial Land

    208 Robertson Street, Cadillac, MI 49601

    $150,000
    0.69 AC lot

    Mostly level, fully paved commercial parcel with cable availability and an easement connection to an adjacent office building.

    View details
    Paved Development Land Lot
    Paved Development Land Lot

    208 Robertson Street, Cadillac, MI 49601

    $150,000
    0.69 AC lot

    Mostly level, fully paved commercial lot suited for a range of development or overflow parking options.

    View details

    Off-Market Properties in Alma, MI

    Consider similar Off-Market properties in Alma, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    413 Warwick Dr
    Medical Office Space

    413 Warwick Dr, Alma, MI 48801

    Value Estimation by Request
    2,455 sqft 4.00 AC lot
    View details
    318 Woodworth Ave
    Land

    318 Woodworth Ave, Alma, MI 48801

    Value Estimation by Request
    View details

    Alma, MI Specialty Properties Market Trends and Statistics

    Explore 8 specialty properties for sale in Alma, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 50,465 square feet of properties for sale, with an estimated market value of $9,130,771.

    Sale prices for properties in Alma, MI start at $275,000, averaging $1,521,795, and reaching up to $2,600,000 — 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

    NNN properties 6
    Churches & religious facilities 2

    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 $1.4M

    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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