7900,7990,7996 N Alger Road Alma, MI ^$ 2,100,000

7900,7990,7996 N Alger Road

^$ 2,100,000

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7900,7990,7996 N Alger Road

Alma, MI, 48801

^$ 2,100,000

Studio Baths0.0

Monthly Estimate*

^$ 13,957

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Studio

Commercial Property for sale in Alma, MI

for $2,100,000. This building was built in 2023 on a lot size of 8.

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.

Commercial Active

Price

^$ 2,100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 25,624

Style

Commercial/Industrial

Lot Size

Year Built

2023

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

80012162

Features

General

Heating None

Cooling None

Possession Negotiable (Possession)

Water Other-See Remarks

Status Active Active

Year Built 2023

Parking Parking Lot

Subdivision NA MI

County Gratiot

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name Hazel Inc

Percent Ownership Private

Municipality Pine River Twp

Section 27

Zoning Professional Office Commercial

Area Pine River Twp (29012)

Primary City Alma

Location Corner Lot

Directions Southeast corner of business 127 and M46.

City Alma

Street Name Alger

Financial Terms Cash Commercial Loan

Legal Description See associated docs.

DOM 235

Postal Code 48801

Coming Soon 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

Exterior

Lot Size Area 8

Lot Dimensions See associated docs

* Excluded Features

List By

Susan Massaway

Listing Agent

Results Realty

Broker

massawayteam@gmail.com

Affordability Calculator

$16,093

Per Month

Monthly Principal & Interest: $13,957
Monthly Property Taxes: $2,135
Monthly Home Insurance: --

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Down Payment

Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Alma, MI

Average List Price ^$427,879

Percent of Sale Price 80%

About Alma, MI

9,004 Population

-3% Since 2002

^$35,817 Median Income

31.88 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/13/2023	$2,100,000		Listed Price

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7900,7990,7996 N Alger Road, Alma, MI, 48801 is a Commercial Property for sale at $2,100,000 with a lot size of 8. 7900,7990,7996 N Alger Road is a studio with 0.0 baths and was built in 2023. The property's zip code is 48801 which is in Alma, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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7900,7990,7996 N Alger Road

Commercial Property for sale in Alma, MI

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