About This Home

This 0-bedroom, 0-bathroom commercial at 318 Woodworth Avenue in Alma, MI is listed for $138,000. on a 0.32 acres lot.

Key Features

  • 0.32 acre lot
Listing Description

Exciting Investment Opportunity in Alma, MI: 3-4 Unit Property Ready for Transformation! Located in the heart of Alma, this 3-4 unit property presents a rare investment opportunity. Completely gutted and primed for renovation, the possibilities are endless for a savvy investor or developer looking to bring this property back to life.

Whether you're envisioning spacious multi-family living units or custom-designed apartments, the blank canvas allows for creative freedom. Situated just off of the business district in a quiet neighborhood, this property offers easy access to Alma College, downtown amenities, parks, and local schools, making it an ideal location for future tenants.

With demand for rental units rising in Alma, this is a prime chance to design a high-demand space with modern amenities. All major demo work has been completed, allowing you to jump straight into the build phase. Potential for 3 or 4 rental units with ample off-street parking and outdoor space. Bring your vision, contractors, and design ideas to create a lucrative income-generating property in a growing community. Don't miss this blank-slate opportunity in one of Mid-Michigan's most promising rental markets!

Monthly Cost Estimate

$738/mo

20% down · 6.5% · 30 years

Principal$100
Interest$598
Insurance$40

Estimates only. Actual payments may vary.

Location

318 Woodworth Avenue

Alma, MI 48801

Features & Amenities

Exterior Features

VinylAluminumBrick

Property Details

Construction

Frame

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 318 Woodworth Avenue is listed at $138,000. The estimated monthly payment is $738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.32 acre lot. Exterior Features: Vinyl, Aluminum, Brick.

This property is listed by Bob Fall.

BF

Bob Fall

Agent at CENTURY 21 LEE-MAC REALTY

Listed by CENTURY 21 LEE-MAC REALTY · Broker phone: 9894636085

MLS# 1926846· Source: Northern Great Lakes Realtors MLS· 786 days on PropertySimple

Copyright © 2026 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.

318 Woodworth Avenue, Alma, MI 48801

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