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    5705 N State Rd Alma, MI 48801

    For Sale
    $499,000

    1 Story, 4 - Plex - Alma, MI

    Property size:
    2,579 SF
    Lot size:
    3.45 Acres
    Days on Market:
    246
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 5705 N State Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family,Commercial
    Rooms
    Basement, Kitchen, Living Room
    Parking
    1
    Interior features
    Storage Space, Drywall
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    2,579 SF
    Lot size
    3.45 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Floors in Building
    1
    Number of units
    4
    Roof type
    Asphalt
    Architectural style
    Other

    AMERICA'S CHOICE REALTY LLC (989) 875-5148

    Listing agent Cody Nevins (989) 875-5148

    Listing date Apr 4, 2025

    MLS# 1922176 Listing URL

    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.

    Overview

    Mixed-Use Property with Income Potential

    This 3.45-acre mixed-use property presents an investment opportunity with residential and commercial rental income. It includes four fully-rented apartment units, with a fifth unit nearing completion. A newer 400-foot, 5-inch well is also located on the property. The property features a commercial building with store frontage and office space, along with a special-purpose 80x40 barn constructed in 2011. The commercial space is currently rented on a month-to-month basis by a dog grooming business. Additionally, there is a 40x80 pole building, offering potential for business expansion or storage. The property is located just off US-127, providing a location for business opportunities while maintaining rental income from the residential units and commercial tenant. With a mix of residential and commercial space and room for further development, this property is located in Alma, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dean F. Sova ... Apartment Building

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath HVAC Service Storage Facility Garden Center Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.607643
    Latitude
    43.375814

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      Mixed-Use Property with Income Potential

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    FAQs

    What type of property is this?
    Mixed-use property - 3.45-acre mixed-use property with residential and commercial income.
    Where is this mixed-use property located?
    The property is located at 5705 N State Rd Alma, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Steady residential and commercial rental income from fully-rented apartment units and a commercial tenant.; - 3.45-acre mixed-use property offering versatile investment opportunities.; - Prime location just off US-127, ideal for business opportunities.
    (989) 875-5148
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5705 N State Rd Alma, MI 48801
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