1420 Wright Ave

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1420 Wright Ave

Alma, MI 48801
Asking Price
$3.30M
Asset Type
Retail
Class
Class B

What's Special

1420 Wright Avenue is located in the primary commercial corridor of Alma, Michigan. The property sits north of the downtown district, surrounded by a mix of national retailers, local businesses, and medical offices. Prominent nearby amenities include the MyMichigan Medical Center Alma and several high-traffic grocery outlets. The site features direct frontage on Wright Avenue, providing visibility and accessibility for local vehicle traffic. It is situated approximately two miles from the US-127 interchange, connecting the area to Lansing to the south and Mt. Pleasant to the north. The property is suited for diverse retail applications, including hardware sales, specialty boutiques, or showroom-based businesses. Its location near established residential neighborhoods and medical facilities suggests suitability for service-oriented tenants such as pharmacies, fitness centers, or professional offices. The asset aligns with the requirements of regional franchisees or local entrepreneurs seeking a high-visibility presence within a stable trade area. The layout supports businesses that benefit from consistent daytime population draws driven by the proximity to the hospital and existing retail anchors.

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NOI
$80,000
Cap Rate
2.42%
DSCR
0.41
Underwater
Cash-on-Cash
-11.71%
Monthly Payment
$16,326.599
Annual Cash Flow
$-115,919.193

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