About 5705 N State Road
This 3.45-acre mixed-use property offers a unique investment opportunity with both steady residential and commercial rental income. It features four fully-rented apartment units, with a fifth unit nearing completion, as well as a newer 400-foot, 5-inch well. The property also includes a commercial building with store frontage, office space, and a special-purpose 80x40 barn, built in 2011. Currently, a dog grooming business rents the commercial space on a month-to-month basis. Additionally, there is a 40x80 pole building, offering future potential for business expansion or storage use. Conveniently located just off US-127, the property provides a prime location for business opportunities while maintaining consistent rental income from the residential units and commercial tenant. With a mix of residential and commercial space, along with room for further development, this property presents an excellent opportunity for investors looking for versatility and steady returns.
Features of 5705 N State Road
| MLS® # | 1922175 |
|---|---|
| Price | $499,000 |
| Bathrooms | 6.00 |
| Square Footage | 23,443 |
| Acres | 3.45 |
| Year Built | 1965 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 5705 N State Road |
|---|---|
| Subdivision | NONE |
| City | Alma |
| County | Gratiot |
| Province | MI |
| Postal Code | 48801 |
Amenities
| Utilities | Private Well |
|---|---|
| Features | Overhead Door(s), Additional Buildings |
| Parking Spaces | 10 |
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Natural Gas,Forced Air,Wall |
|---|---|
| Fireplace | No |
| Has Basement | No |
| Basement | Slab |
Exterior
| Exterior Features | Vinyl |
|---|---|
| Lot Description | 200x200x99x460x264x396 |
| Windows | Not Applicable |
| Roof | Asphalt |
| Construction | Frame |
Additional Information
| Date Listed | May 13th, 2024 |
|---|---|
| Days on Market | 326 |
| Zoning | Multi-Family, Retail, Commercial, Special Use |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 1892 |
|---|