For Sale
$500,000

1405 Wright AveAlma, MI 48801

Established dispensary, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
117
This 2,800 square foot storefront, located at 1405 Wright Ave in Alma, Michigan, presents a unique investment opportunity. Currently operating as a municipally approved medical marijuana dispensary, this property is poised for significant growth following the city's recent approval of recreational marijuana sales. Situated on a 0.63-acre lot in the heart of Alma's business district, this former Pizza Hut location benefits from high visibility on Wright Ave, proximity to Alma College and MyMichigan Hospital, and convenient access to US-127, drawing customers from surrounding areas including St. Louis and Ithaca. The property is one of only three licensed dispensaries in Gratiot County, serving a population of approximately 9,000. The asking price is $500,000 ($178.57 per square foot), and offers are welcome. This is a rare chance to acquire a thriving business in a rapidly expanding market. The property's location and existing infrastructure provide a solid foundation for continued success in the recreational marijuana industry. The city is currently finalizing the ordinance for recreational sales, ensuring a smooth transition to a dual-license operation.

Highlights

  • $500,000 asking price for a 2,800 square foot storefront in Alma, MI.
  • Owner/user retail investment opportunity.
  • Located on Wright Ave. in Alma's business district, near Alma College and MyMichigan Hospital.
  • Currently a municipally approved medical marijuana dispensary; recreational license anticipated soon.
  • One of three dispensaries in Gratiot County (population 9,000), with convenient access to US-127.

Property Details for 1405 Wright Ave

Property type
Retail properties, Retail space
Square Feet
2,800 SF
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Alma
County
Gratiot
State
Michigan
Latitude
43.3919429
Longitude
-84.6671596
1405 Wright Ave, Alma, Michigan

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1405 Wright Ave
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