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5705 N State

Alma, MI 48801
  • $575,000
  • STATUS: Active
  • ON SITE: 278 Days
  • MLS #: 1922175
UPDATED: 218 min ago
$575,000
  • 0
    BEDS
  • 3.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,443
    SQFT
  • $25
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:

School Ratings & Info

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.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-15T23:48:29.553.
www.kelder.com/homes/150462989
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5705 N State Alma, MI 48801

  • Price: $575,000
  • Status: Active
  • On Site: 278 Days
  • Updated: 218 min ago
  • MLS #: 1922175
0
Beds
0
Baths
0
½ Baths
3.45
Acres
23,443
SQFT
$25
$/SQFT
1965
Built
Neighborhood:
None
County:
Gratiot
Area:
Arcada Twp (29001)
Property 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.
Exterior Features

Exterior Construction FrameVinyl Siding Foundation Type Slab Lot Size 200x200x99x460x264x396 Parking 6-10 Spaces11-20 SpacesParking Lot Roofing Asphalt

Interior Features

Basement YN No Commercial Features ADA AccessibleBathOutbuilding(s)Overhead Doors Cooling System Wall/Window A/C Fuel Type Natural Gas Heating System Wall HeatForced Air

Property Features

Business Name TBD Business Type Service Commercial Type Commercial/Industrial Financial Terms CashConventional Lease YN No Municipality Arcada Twp Ownership Private SEV 322600 Sev Year 2023 Sewer Septic Septic Summer Tax Amount 2515.61 Summer Tax Year 2023 Taxable Value 216197 Total Tax Amount 10202.13 Water Private Well Winter Tax Amount 7686.52 Winter Tax Year 2023 Zoning Multi-FamilyCommercial

Listing courtesy of AMERICA'S CHOICE REALTY LLC : 989-875-5148.

Source MLS: MiRealSource
Originating MLS: Central Michigan Association of

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-15T23:48:29.553.
 
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The Kelder Group LLC
9284 Lapeer Rd.
Davison MI, 48423