2324 W Monroe Road, Alma, MI, 48801

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2324 W Monroe Road, Alma, MI, 48801

Alma, MI 48801
Asking Price
$475K
Asset Type
Retail
Class
Class B

What's Special

Located at 2324 W Monroe Road in Alma, Michigan, this retail property is situated along a primary commercial corridor. The surrounding neighborhood features a mix of established local businesses and national retailers, benefiting from consistent consumer traffic. The site offers direct frontage on W Monroe Road (M-46), providing straightforward access to US-127 and connecting the property to the broader Mid-Michigan region. Nearby amenities include various dining options, medical services, and grocery anchors, making the area a central shopping destination for the local community. The property is well-suited for diverse retail operations, including specialty boutiques, service-oriented franchises, or high-traffic consumer showrooms. Its layout and positioning are ideal for tenants requiring high visibility and easy customer ingress/egress. Typical occupant profiles include regional retailers, personal service providers, or small-scale distributors seeking a presence in a stable, established market. The location supports businesses that rely on both local residential loyalty and transient regional shoppers.

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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51

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