Alma, MI 48801,101 W Superior Street
Alma, MI 48801,101 W Superior Street
Alma, MI 48801,101 W Superior Street
18
$565,000
$595,000
5.0%
Est.Price: ?

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20,452 SqFt

101 W Superior Street Alma, MI 48801

Est. payment /mo
SOLD DATE : 12/22/2023

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Key Details

Sold Price $565,000

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 20,452 sqft

Price per Sqft $27

Subdivision Mi

MLS Listing ID 80013067

Sold Date 12/22/23

Year Built 1898

Annual Tax Amount $5,740

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 113 x 118

Property Sub-Type Commercial/Industrial

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 (29017)

Zoning Commercial

Interior

Heating Forced Air

Cooling Central A/C

Exterior

Parking Features Parking Lot

Building

Foundation Basement

Water Public Water

Structure Type Block

Others

Ownership Private

Energy Description Natural Gas

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash,Commercial Loan

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MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Listed by CENTURY 21 LEE-MAC REALTY
Bought with CENTURY 21 LEE-MAC REALTY

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agent

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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