www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23206981
23206980

1420 Wright Ave, Alma, MI 48801

MK
MI 6505426348
43 NORTH REALTY
Listed by 43 NORTH REALTY
$3,300,000
397 days on market
Updated 25 days ago
Opportunity zone

1420 Wright Ave

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 10.40%
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 7
Price per SqFt $223
Zoning Commercial

Retail | 10.40% CAP | 14,820 SqFt

Marketing description

Seize this exceptional opportunity to establish your business in a versatile commercial property, previously home to a national chain drug store. This expansive almost 15,000 square foot building offers a blank slate for your vision, featuring a prime location on one of the busiest corners in Gratiot County. Key Features: -Established current lease: This property currently has a transferrable NNN lease for the remaining 8 years of a 25 year term, ending in 2032. - Drive-Through Pharmacy: Equipped with a convenient drive-through area, perfect for medical, retail, or service-oriented businesses. - Fire Suppression System: Fully installed fire suppression system ensures safety and compliance with local regulations. - ADA Compliant: The property includes ADA compliant bathrooms, doors, and main level entrances, ensuring accessibility for all customers. - Receiving Area: Roll-up outside doors provide easy access for receiving deliveries, enhancing operational efficiency. - Security System: the property is protected by a Bosch Commercial alarm/burglary protection system. Location Highlights: - Central Location: Ideally situated in the heart of Alma, this property is less than a block away from the Masonic Home and the My Michigan Medical Center Alma Hospital, ensuring high visibility and traffic. - High Traffic Area: Positioned on one of the county’s busiest corners, your business will benefit from excellent exposure to both foot and vehicle traffic. - Proximity to Amenities: Close to various local amenities, including shopping centers, dining options, and other professional services, making it a convenient destination for your customers. Potential Uses: - Retail Store - Medical Facility - Office Space - Supermarket - Fitness Center This property’s adaptable layout and strategic location make it ideal for a wide range of commercial uses. Don’t miss out on the chance to create your perfect business space in a thriving area of Alma.

Listing Contacts

MK
MI 6505426348
43 NORTH REALTY
Listed by 43 NORTH REALTY

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Micah Kemler
License
6505426348
Brokerage
43 North Realty
Brokerage Phone
9894631219
Title
Principal Broker
Brokerage Address
202 East Superior Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591