For Sale
427 E Downie Street, Alma, MI 48801
$6,500
MLS # 1941567 (Northern Great Lakes REALTORS® MLS)
0.1 acres
1 / 7
Listing Description
64 x 66 corner lot in the city of Alma. This lot was surveyed 11-25-25. The survey says it is zoned for multi-family residential. The City says you can build a 1056 square foot home on this lot with permission from the city for a variance. If fill was brought in to raise the property, you could avoid flood insurance. This is a desirable lot with easy access to all of life's everyday needs....shopping, medical, entertainment, transportation, highways. Seller is willing to entertain a short term land contract.
Source: SparkMLS
About this home
Listed at $6,500.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.1 acres
Location
CityAlma
Zip Code48801
CountyGratiot
Sale & Financing
Listed1/9/2026
Terms AcceptedCash
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Sue Welling
43 NORTH REALTY
Frequently Asked Questions about 427 E Downie Street, Alma, MI 48801
What type of financing is accepted for this listing?
Per MLS# 1941567, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 427 E Downie Street, Alma, MI 48801 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 427 E Downie Street, Alma, MI 48801 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 427 E Downie Street, Alma, MI 48801?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
Map
Mortgage Calculator
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Monthly payment$42
Principal & interest$42
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
427 E Downie Street, Alma, MI 48801
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Municipality
Alma
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