Alma, MI 48801,101 W Superior

$565,000

$595,000

5.0%
Est.Price: ?

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Est. payment /mo

20,452 SqFt


SOLD DATE : 12/22/2023

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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Realcomp MLS
Listed by Jayson Sumerix of CENTURY 21 LEE-MAC REALTY
Bought with CENTURY 21 LEE-MAC REALTY
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