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101 W Superior Alma, MI 48801
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Key Details
Sold Price $565,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 20,452 sqft
Price per Sqft $27
Subdivision Downtown Alma
MLS Listing ID 79080013067
Sold Date 12/22/23
Originating Board Central Michigan Association of REALTORS®
Year Built 1898
Annual Tax Amount $5,740
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 113 x 118
Property Description
This 20,452 square foot building has store fronts on Superior Street and N. State Steet and is located smack dab in the middle of downtown Alma and only about 4 blocks from Alma College! There are currently 10 tenants with leases between the ground level and the second floor and maybe the best part isthere is room for more tenants. But that is not all, there is unfinished space on the second floor, accessible by elevator or two separate stairways, that could be developed into residential units, providing for even more potential income. Currently, the State of Michigan is offering grant money for the completion of such residential projects. There is ample parking on the street and several City of Alma parking lots in the immediate area. Listing brokerage has the financial records, and you won’t be disappointed. The monthly income is impressive, and the potential is enormous!
Location
State MI
County Gratiot
Area Alma
Zoning Commercial
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Utilities Available Elevator
Accessibility Disabled Access
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block/Concrete/Masonry
Schools
School District Alma
Others
Tax ID 5103103900
Ownership Private Owned
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Unknown/Data Share Listings
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Bought with CENTURY 21 LEE-MAC REALTY