1420 Wright Avenue $3,300,000

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    1420 Wright Avenue Alma, MI 48801

    • 1.89 Acres
    • Commercial
    • MLS# 1922746
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    Views: 16 Days On Site: 180

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    Property Details

    Seize this exceptional opportunity to establish your business in a versatile commercial property, previously home to a national chain drug store. This expansive almost 15,000 square foot building offers a blank slate for your vision, featuring a prime location on one of the busiest corners in Gratiot County. Key Features: -Established current lease: This property currently has a transferrable NNN lease for the remaining 8 years of a 25 year term, ending in 2032. - Drive-Through Pharmacy: Equipped with a convenient drive-through area, perfect for medical, retail, or service-oriented businesses. - Fire Suppression System: Fully installed fire suppression system ensures safety and compliance with local regulations. - ADA Compliant: The property includes ADA compliant bathrooms, doors, and main level entrances, ensuring accessibility for all customers. - Receiving Area: Roll-up outside doors provide easy access for receiving deliveries, enhancing operational efficiency. - Security System: the property is protected by a Bosch Commercial alarm/burglary protection system. Location Highlights: - Central Location: Ideally situated in the heart of Alma, this property is less than a block away from the Masonic Home and the MyMichigan Medical Center Alma Hospital, ensuring high visibility and traffic. - High Traffic Area: Positioned on one of the county's busiest corners, your business will benefit from excellent exposure to both foot and vehicle traffic. - Proximity to Amenities: Close to various local amenities, including shopping centers, dining options, and other professional services, making it a convenient destination for your customers. Potential Uses: - Retail Store - Medical Facility - Office Space - Supermarket - Fitness Center This property's adaptable layout and strategic location make it ideal for a wide range of commercial uses. Don't miss out on the chance to create your perfect business space in a thriving area of Alma.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl No
      • Business Name K & H ALMA PROPERTIES LLC
      • Type of Ownership Corporate Owned
      • Approx Year Built 2005
      • Type Retail/Commercial
      • Town T 12N
      • Township City of Alma
      • Present Use Retail Store
    • Building Features
      • Extras Reinforced Concrete Floor, Overhead Door(s), Loading Dock(s), Phone System, Security System, Sprinkler System, Mezzanine, 14ft Ceiling Height
      • Foundation Slab
      • Heating Cooling Source Natural Gas
      • Roof Membrane
      • Heating Cooling Type Forced Air, Central Air
      • # Restrooms 2
      • Apx Total Fin SQFT 14,820
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free Widened Doors, Extra Wide Hallways, Main Floor Access, No Steps Entry, Raised Toilet, Grab Bars, Hand Rails
      • Road Public Maintained
      • Sewer Municipal
      • Parking Parking Lot
      • Exterior Features Brick, Block
      • Construction Brick, Block, Insulated Concrete Forms
      • Lot Dimensions 315 x 270
      • Location Corner Lot

    Neighborhood

    48801 (Alma) Demographics

    35 Median Age
    183 Population Density (per sq. mile)
    34% College Educated
    $43,400 Estimated Median Income
    3,518 Estimated Total Home Owners
    1,813 Estimated Total Renters
    66% / 34% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    13,172 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $123,000 Median Sales Price
    10 Homes Sold
    16 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,300,000
        11/19/2024 11:06:12 AM Status Changed Source: Multiple Listing Service New Value: Extend
        9/4/2024 4:06:03 AM Status Changed Source: Multiple Listing Service New Value: Active
        9/1/2024 1:36:16 PM Price Reduced Source: Multiple Listing Service New Value: $3,300,000 -8.33%
        9/1/2024 1:36:16 PM Status Changed Source: Multiple Listing Service New Value: Price Change
        5/28/2024 4:05:57 AM Status Changed Source: Multiple Listing Service New Value: Active
        5/25/2024 10:36:00 AM New in Database Source: Multiple Listing Service New Value: $3,600,000

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        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.