1380 Wright Ave Alma, MI 48801

Price
$699,000
Listed On
Type
For Sale
Status
Active
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
1380 Wright Ave, Alma, MI 48801
2 Bath
1866 sqft
Asking  $699,000

Snapshot

Type
For Sale
Category
Purchase
Property Type
Commercial Sale
Property Subtype
Other
MLS Number
1928737
Parcel Number
Property Sqft
1,866 sqft
Lot Size
0.56 acres
Year Built
1980
Year Updated
Bedrooms
0
Bathrooms
2
Full Bathrooms
2
3/4 Bathrooms
0
Half Bathrooms
0
Quarter Bathrooms
0
Lot Size (in sqft)
24,393.6
Price Low
-
Room Count
-
Building Unit Count
-
Condo Floor Number
-
Number of Buildings
-
Number of Floors
0
Parking Spaces
32
Location Directions
Heading South from M-46 on Wright ave, property is on South-west corner of Warwick and Wright Ave.
Special Listing Conditions
Auction
Auction
Bankruptcy Property
Bankruptcy Property
HUD Owned
HUD Owned
In Foreclosure
In Foreclosure
Notice Of Default
Notice Of Default
Probate Listing
Probate Listing
Real Estate Owned
Real Estate Owned
Short Sale
Short Sale
Third Party Approval
Third Party Approval

Description

Prime Investment Opportunity: Commercial Property with Triple Net Leases Investors, take note of this exceptional opportunity to own a commercial property with secure, long-term income from two established tenants. This low-maintenance investment generates over $42,000 annually, with both tenants on triple net (NNN) leases, minimizing landlord responsibilities to only the structural portions of the roof, exterior, and load-bearing walls. Property Highlights: 1. Tenant 1: Quick-Service Pizza Restaurant & Fast-Food Delivery Lease Details: In place through 2028, with options to renew, ensuring consistent and reliable rental income. Income: $30,000 per year with scheduled rent increases, adding future value. Business: Thriving quick-service model with steady foot traffic and delivery operations, a staple in the local community. 2. Tenant 2: Digital Advertising Company Lease Details: A remarkable 40-year lease, guaranteeing income security for decades. The digital advertising sign features continuous scrolling marketing, driving high visibility for local businesses. Income: $12,000 per year with scheduled increases, further boosting long-term revenue potential. Signage: Strategically positioned to maximize exposure, benefiting from consistent demand for advertising space. This commercial property offers an ideal investment for buyers seeking a solid return with minimal management demands. With long-term leases and built-in rent escalations, it promises stable cash flow and appreciation potential. Don’t miss this chance to add a high-yield, hassle-free asset to your portfolio! Contact your Realtor for more details and to schedule a viewing.

More Details

MLS Name
Northern Great Lakes Realtors MLS
Source
listhub
MLS Number
1928737
MLS ID
TAAR
Virtual Tour
PARTICIPANT
Name
Micah Kemler
Primary Phone
(989) 330-4037
Key
3YD-TAAR-126841
Email
mkemler7@gmail.com
BROKER
Name
43 NORTH REALTY
Phone
(989) 463-1219
OFFICE
Name
43 NORTH REALTY
Phone
(989) 463-1219
Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Features

Basement
Basement
Dock
Dock
Elevator
Elevator
Fireplace
Fireplace
Greenhouse
Greenhouse
Hot Tub Spa
Hot Tub Spa
New Construction
New Construction
Pool
Pool
Sauna
Sauna
Sports Court
Sports Court
Waterfront
Waterfront
Architectural Style
Other
Other
Construction Materials
Brick
Brick
Heating
Forced Air
Forced Air
Roof
Asphalt
Asphalt
Rooms
Basement
Basement
Bathroom 1
Bathroom 1
Bathroom 2
Bathroom 2

History

DateEventPrice$/SqftSource
Listed For Sale$699,000 $37543 NORTH REALTY
Report issue with price history

Taxes

YearAnnual AmountDescription
$8,668

Nearby Schools

Middle School

Alma Middle School

0.6 miles away06 - 08

Elementary School

Luce Road Elementary School

1.1 miles awayPK - 01

Elementary School

Hillcrest Elementary School

1.6 miles away02 - 03
Show more
Get more info on 1380 Wright Ave, Alma, MI 48801
Profile
Micah Kemler
Listing Agent
(989) 330-4037
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.
Profile
Micah Kemler
Listing Agent
(989) 330-4037
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.