How did you end up in Almelo in the first place? Mistook the station for Enschede, Twente's largest city? Forgot your passport so you couldn't continue onwards to Germany? Anyway, Almelo is mostly known for its history in textiles. These days it is a not highly remarkable city in the eastern Netherlands with only a few interesting sights to offer.
In the main shopping street you can see the Old Waag, which has been turned into a restaurant, and just off the main track is the deer and ducks park. Continuing on, you can walk the long tree-lined lanes that lead up to Huize Almelo (not accessible to the public), where the count used to live. The area around the mansion is pleasant for a walk, if you can ignore the motorway that separates it from the Gravenallee — the former estate of the count, with outstretching fields, trees, and old watchman's huts where toll was once collected.
Almelo tries to compete with its bigger neighbours when it comes to shopping and entertainment, but the nightlife is thin. You will find a few pubs near the Grote Kerk and at the beginning of the Grote Straat. For anything more lively, head to Hengelo or Enschede.
The surroundings are excellent for cycling. Well-marked routes include the Molen-venroute, passing mills, creeks, and meadows, and you can follow the Almelo-Nordhorn canal all the way to Germany.