Mixed-Use Property with Income
For Sale
$375,000
5705 N State Road, Alma, MI 48801
3.45-acre property with residential and commercial rental income.
Property Size2,579 SF
Lot Size3.45 Acres
Price / SF$145.41
Days on Market854
Property Features for 5705 N State Road
General Information
Standard status
Active
Size
2,579 SF
Lot size
3.45 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,882
Building Details
Year Built
1970
Listing Agency:
AMERICA'S CHOICE REALTY LLC
(989) 875-5148
Listed By:
Cody Nevins · License #6501446537
(989) 763-8060
Source:
Exitrealty
Added: May 13, 2024
Changed: Sep 2
Last Checked: Sep 12 at 5:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AMERICA'S CHOICE REALTY LLC
Investment Insights
Based on property information with market context.
This 3.45-acre mixed-use property presents an investment opportunity, generating both 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. Currently, a dog grooming business occupies the commercial space under a month-to-month lease. An additional 40x80 pole building offers potential for business expansion or storage. Situated just off US-127, the property provides a location suitable for business opportunities, complemented by consistent rental income from the residential units and the commercial tenant. The mix of residential and commercial space, along with room for further development, makes this property an option for investors seeking versatility and steady returns. The bike score is 27, indicating it is somewhat bikeable, and the walk score is 4, indicating it is car-dependent.
Key Highlights
- Mixed‑use property offering both residential and commercial income.
- Four fully‑rented apartment units, with a fifth nearing completion.
- Commercial building features store frontage, office space, and an 80x40 barn.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 48801, MI
13,006
Population
5,408
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
95%
High-School Grad
70.8 sq mi
ZIP Area
184
Density / Sq Mi
$57,449
Median Household Income
$30,146
Median Earnings
$795
Median Rent
$120,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3.45-acre property with residential and commercial rental income.
Where is this mixed-use property located?
The property is located at 5705 N State Road Alma, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Mixed‑use property offering both residential and commercial income.; Four fully‑rented apartment units, with a fifth nearing completion.; Commercial building features store frontage, office space, and an 80x40 barn.
