421 State StAlma, MI 48801

  • Commercial real estate
  • 0.23 AC
For Sale
$1,000,000 View listing

Property Details for 421 State St

Lot size
0.23 AC
Property type
Commercial real estate
APN
51-344-812-00
APU
5134481200

Description

This exceptional 10,320 square foot commercial land parcel is located at 421 N State Street in Alma, Michigan, 48801, within Gratiot County. The property boasts a sizable 10,018.8 square foot lot, presenting a significant development opportunity. Priced at $1,000,000, this property is categorized as special purpose land for commercial use. Its prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The substantial lot size allows for ample space for construction or expansion, catering to diverse business needs. This is a rare opportunity to acquire a large commercial land parcel in a desirable location, providing significant potential for future growth and return on investment. The property's strategic positioning within Alma, Michigan, offers access to a thriving local market and convenient access to major transportation routes. Serious inquiries are encouraged to explore the possibilities this unique property presents. The property is zoned for commercial use, and interested parties should conduct their own due diligence regarding zoning regulations and permitted uses. This is a blank canvas for a visionary developer or investor seeking a substantial commercial land holding in a growing Michigan community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $717,408
    Hospitality
    $657,142
    Educational
    $546,735
    Medical
    $565,538
    Retail
    $850,476

Location Insight

City
Alma
County
Gratiot
State
Michigan
Latitude
43.3799
Longitude
-84.6621
CBSA code
10940
CBSA name
ALMA, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$553
-
-
$582,500
-
-
-
$1,165,000

FAQs

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