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101 W Superior Street Alma, MI 48801
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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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Bought with CENTURY 21 LEE-MAC REALTY