5705 N State Road

Alma, Michigan 48801

  • 0 Bed(s)
  • 0 Bath(s)
  • 741 Sqft
  • 3.45
    Acres(Lot)
$575,000

Description

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.

  • Property Type

    Multifamily

  • County

    Gratiot

  • Style

    Multifamily

  • AD ID

    48634785

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Property Details

  • Heating & Cooling

    • Cooling: Wall Unit(s)
    • Heating: Forced Air,Wall/Floor Furnace
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1970
    • Building Stories: 1 Story
    • Total Units: 4
    • Foundation/Basement: Slab

    Utility Features

    • Sewer: Septic Tank (Existing)

    Water

    • Well (Existing)

  • Lot Information

    • Lot Size: 3.45
    • Dimensions: 200x200x99x460x264x396

    Property Information

    • SQ ft: 741
    • Subdivision: NONE
    • Financing: Cash

  • Listing Price Information

    • Original List Price: $675,000

    Listing Information

    • Possession: At Close
    • Legal Description: COM 16 RDS N OF SE COR OF NE 1/4 OF NE 1/4,TH W 200 FT,N 6 RES,E 200 FT, S 6 RDS TO POB,ALSO AT THE SE COR OF THE NE 1/4 OF THE NE 1/4,TH W 40 RDS,N 16 RDS,E 40 RDS,S 16 RDS TO BEG EX S 165 FT,OF THE E 264 FT,SEC 1.3.45 AC (200x200x99x460x264x396x165x264)

  • Tax Information

    • Annual Tax: $10,202
    • Parcel Number: 290100101201

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: COM 16 RDS N OF SE COR OF NE 1/4 OF NE 1/4,TH W 200 FT,N 6 RES,E 200 FT, S 6 RDS TO POB,ALSO AT THE SE COR OF THE NE 1/4 OF THE NE 1/4,TH W 40 RDS,N 16 RDS,E 40 RDS,S 16 RDS TO BEG EX S 165 FT,OF THE E 264 FT,SEC 1.3.45 AC (200x200x99x460x264x396x165x264)

  • Utility Information

    • Water:Well (Existing)
    • Sewer:Septic Tank (Existing)
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BuyOwner last updated this listing 02/22/2025 @ 07:39

  • MLS: 623218619
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 0 bedrooms which is for sale, it has 741 sqft, 3 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Alma , in zip code 48801, this Gratiot County Multifamily , it is in the N/A Subdivision, and are nearby neighborhoods.