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Listed by Susan Massaway • RESULTS REALTY
$ 2,100,000
Est. payment /mo
Active
7900, 7990, 7996 N Alger Road Alma, MI 48801
8 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 1916740
Year Built 2023
Lot Size 8.000 Acres
Acres 8.0
Lot Dimensions See associated docs
Property Sub-Type Mixed Use
Property Description
Approximately 8.86 acres of prime commercially zoned property on the Southeast corner of Business US-127 and M-46. This property is ideal for a motel, restaurant and 1-2 other businesses. It has one of the highest daily traffic counts in the Mid-Michigan area. (approximately 21,000 cars/day) Signage can be seen from the US-127 expressway. The property is eligible for Brownfield Redevelopment TIF Reimbursement of approximately 475,000. of eligible expenses that should be transferable to the buyer. Additionally, Pine River Township approved an application by the current owner of a 10 - year freeze of local property taxes under the Commercial Rehabilitation Act. Municipal sewer, natural gas, and 3 Phase electric is on site. Municipal water and multiple providers of high-speed internet are available.
Location
State MI
County Gratiot
Zoning Office,Retail,Commercial,Restaurant/Food,Motel/Hotel
Rooms
Basement None
Interior
Heating None
Cooling None
Exterior
Exterior Feature None
Roof Type None
Present Use None
Road Frontage Public Maintained, Blacktop
Building
Sewer Municipal
Water Other
Others
Tax ID 2912-027-004-00 +
Ownership Private Owner
Acceptable Financing Commercial Loan, Cash
Listing Terms Commercial Loan, Cash