421 N State Street, Alma, MI, 48801

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421 N State Street, Alma, MI, 48801

Alma, MI 48801
Asking Price
$899K
Asset Type
Retail
Class
Class B

What's Special

421 N State Street is situated in the central business district of Alma, Michigan. The property occupies a prominent position within a walkable downtown corridor characterized by a mix of local service providers, small businesses, and professional offices. It is located near Alma College and regional landmarks like the Wright Leppien Opera House. The site is approximately three miles from US-127, providing regional connectivity to Mt. Pleasant to the north and Lansing to the south. The building is suited for a range of retail applications, including boutique storefronts, specialty dry goods, or service-oriented businesses like salons or repair shops. Its location within a high-foot-traffic zone makes it an appropriate choice for tenants seeking visibility among local residents and the student population. The layout supports businesses that benefit from storefront display windows and a traditional downtown retail environment.

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NOI
$80,000
Cap Rate
8.90%
DSCR
1.50
Strong
Cash-on-Cash
9.87%
Monthly Payment
$4,447.761
Annual Cash Flow
$26,626.862

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