Bought with Bob Fall • CENTURY 21 LEE-MAC REALTY
$565,000
$595,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
101 W Superior Street Alma, MI 48801
20,452 SqFt
Key Details
Sold Price $565,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 20,452 sqft
Price per Sqft $27
Subdivision Mi
MLS Listing ID 1917666
Sold Date 12/22/23
Year Built 1898
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
Zoning Commercial
Rooms
Basement Full, Unfinished, Entrance Inside
Interior
Heating Forced Air, Central Air
Cooling Forced Air, Central Air
Exterior
Exterior Feature Brick, Block
Roof Type Membrane
Present Use Office Building,Retail Store
Road Frontage Public Maintained
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 51 031 039 00
Ownership Private Owner
Acceptable Financing Commercial Loan, Cash
Listing Terms Commercial Loan, Cash
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