7342 N Alger Road $2,100,000

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    7342 N Alger Road Alma, MI 48801

    • 15,480 sq. ft.
    • 1.90 Acres
    • Commercial
    • MLS# 80014930
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    Views: 41 Days On Site: 274

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    Property Details

    Welcome to an exceptional investment opportunity â‚' the SCA Plaza! This prime property boasts a strategic location directly in front of the bustling Meijer department store, ensuring a steady flow of foot traffic and high visibility for the 11 units within. With over 15,000 square feet of versatile space, SCA Plaza provides an ideal canvas for a range of businesses, from retail shops and eateries to service providers and offices. The well-designed layout of the plaza ensures each unit benefits from maximum exposure, contributing to the overall success of the businesses within. The convenience of being adjacent to Meijer, a renowned and established retail giant, adds unparalleled value to this property. Patrons of the department store are likely to explore the offerings in Meijer Plaza, creating a symbiotic relationship that can significantly enhance the success of businesses operating here. This is not just a property; it's a strategic investment poised for success. The Meijer Plaza offers investors the chance to tap into a vibrant and thriving commercial hub. The local community's needs are met with the plaza's diverse range of units, ensuring a steady stream of customers from various demographics.

    • General Features
      • Acreage 1.9
      • Area Municipality Pine River Twp (29012)
      • County Gratiot
      • Originating MLS Central Michigan Association of REALTORS
      • Ownership Private
      • Subdivision SCA Plaza
      • Total SqFt Finished 15480
      • Year Built 1960
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Frame, Vinyl Siding, Wood
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Public Water
      • PARKING Parking Lot
      • Lot Size See Associated Docs.
      • Sewer Septic Public Sanitary

    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

    $179,900 Median Sales Price
    13 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: $2,100,000
        2/23/2024 2:52:00 PM New in Database Source: Multiple Listing Service New Value: $2,100,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        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.