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5705 N State Rd Alma, MI 48801

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For Sale
$499,000

3.45-acre mixed-use property with residential and commercial income.

Property size:
23,443 SF
Lot size:
3.45 Acres

Property Features for 5705 N State Rd

General Information

Standard status
Active
Size
23,443 SF
Lot size
3.45 Acres

Building Details

Year built
1965

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Listing Contact
Cody Nevins
Cody Nevins
Source: Exitrealty

Listing Agency: AMERICA'S CHOICE REALTY LLC Listing Agent: Cody Nevins

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Mixed-Use Property with Income Potential

This 3.45-acre mixed-use property presents a unique investment opportunity, offering a combination of steady residential and commercial rental income. The property includes four fully-rented apartment units, with a fifth unit nearing completion. A newer 400-foot, 5-inch well is also located on the premises. The commercial component features a building with store frontage, office space, and a special-purpose 80x40 barn constructed in 2011. The commercial space is currently rented to a dog grooming business on a month-to-month basis. Additionally, a 40x80 pole building provides future potential for business expansion or storage. The property is conveniently located just off US-127, offering a prime location for business opportunities while maintaining consistent rental income from the residential units and commercial tenant. With its mix of residential and commercial space, along with room for further development, this property presents an excellent opportunity for investors seeking versatility and steady returns.
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 Showroom HVAC Service Storage Facility Garden Center Car Rental Facility

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

Location Insight

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City
Alma
County
Gratiot
State
Michigan
Longitude
-84.607199
Latitude
43.374992

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 income from four fully-rented apartment units and a commercial tenant.; - 3.45-acre mixed-use property with residential and commercial potential.; - Commercial building with store frontage, office space, and an 80x40 barn.
More about this property
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