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    Alma, MI
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    Alma, MI Specialty Properties for Sale

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    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‑building multifamily property totaling 2,782 square feet on 0.29 acres
    Parsonage includes 3 bedrooms and 1.5 baths
    Former church building offers 2 bedrooms and a half bath
    Residential zoning
    Hardwood floors, storage space, loft, mud room, and solarium or sun room
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    Retail Space with Drive-Through
    Updated: May 24, 2024
    Retail Space with Drive-Through

    1420 Wright Avenue, Alma, MI 48801

    $2,600,000
    14,820 sqft 1.89 AC lot
    14,820 SF retail property on 1.89 acres
    Transferable NNN lease with 8 years remaining on a 25‑year term, ending in 2032
    Drive‑through pharmacy area with roll‑up exterior receiving doors
    ADA‑compliant bathrooms, doors, and main‑level entrances
    Fire suppression system and Bosch commercial alarm protection
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    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
    Updated Foursquare Specialty Property
    Updated Foursquare Specialty Property

    623 N State St, Alma, MI 48801

    $435,000
    4,766 sqft

    Historic home near downtown with a walkout basement, carriage house garage, and direct access to Wright Park.

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    Burger King Drive-Through Restaurant
    Burger King Drive-Through Restaurant

    1675 Wright Avenue, Alma, MI 48801

    Contact for pricing
    2,750 sqft

    Remodeled restaurant property featuring an absolute net lease and established occupancy at the site.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 5 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

    Opportunities in Nearby Cities

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

    Specialty Property with New HVAC
    Specialty Property with New HVAC

    1510 W High, Mt Pleasant, MI 48858

    $429,000
    5,500 sqft 0.67 AC lot

    Leased commercial building with steel construction, a parking lot, and recent HVAC and heating upgrades.

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    7-Eleven NNN Convenience Property
    7-Eleven NNN Convenience Property

    2500 North Saginaw Road, Midland, MI 48640

    $6,456,937
    3,136 sqft 1.02 AC lot

    Single-tenant retail asset with an Absolute NNN lease extending through December 31, 2038.

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    Newly Built Day Care Center
    Newly Built Day Care Center

    5305 Perrine Rd, Midland, MI 48640

    $4,319,000
    11,485 sqft 3.54 AC lot

    Purpose-built childcare facility with a long-term net lease and corporate guaranty.

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    Leased Specialty Property
    Leased Specialty Property

    Mt Pleasant, MI 48858

    $429,000
    5,500 sqft

    Established occupancy and recently updated climate-control systems support ongoing commercial use.

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    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

    Estimated value:
    No data
    2,455 sqft 4.00 AC lot
    View details
    318 Woodworth Ave
    Land

    318 Woodworth Ave, Alma, MI 48801

    Estimated value:
    No data
    View details

    Alma, MI Specialty Properties Market Trends and Statistics

    Explore 7 specialty properties for sale in Alma, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 28,161 square feet of properties for sale, with an estimated market value of $4,090,771.

    Sale prices for properties in Alma, MI start at $275,000, averaging $1,022,692, 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 4
    Churches & religious facilities 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%

    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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