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5705 N State Road

Alma, MI 48801
  • $645,000
  • STATUS: Active
  • ON SITE: 152 Days
  • MLS #: 1922175
UPDATED: 11 min ago
$645,000
  • 0
    BEDS
  • 3.45
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 23,443
    SQFT
  • $28
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

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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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-10-13T22:51:53.743.
www.housestraversecity.com/homes/150461479
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5705 N State Road Alma, MI 48801

  • Price: $645,000
  • Status: Active
  • On Site: 152 Days
  • Updated: 11 min ago
  • MLS #: 1922175
0
Beds
6
Baths
0
½ Baths
3.45
Acres
23,443
SQFT
$28
$/SQFT
1965
Built
Neighborhood:
None
County:
Gratiot
Area:
Gratiot
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

Construction Frame Exterior Features Vinyl Foundation Slab Lot Dimensions 200x200x99x460x264x396 Parking Parking Lot Parking Spaces 10 Road Public MaintainedBlacktop Roof Asphalt

Interior Features

Heating Cooling Type Forced AirWall

Property Features

Business Incl No Business Name TBD Deeded Waterfront No Documents On File Well TestAgency DisclosureTitle Insurance Eco Features No Energy Efficient Not Applicable Extras Overhead Door(s)Additional Buildings Heating Cooling Source Natural Gas Included In Lease Garbage Pickup Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Freestanding Possession At Closing Present Use Service Renewable Not Applicable Sale Or Lease For Sale Sale Rent For Sale Section Number 1 Sewer Private Septic Summer Taxes 2515.61 Taxable Value 216197 Terms Conventional MortgageCash Total Taxes 10202.13 Township Arcada Type Mixed Use Type Of Ownership Estate Univs Design Barrier Free No Steps Entry Vacant Land No Water Private Well Water Conservation Not Applicable Winter Taxes 7686.52 Year Remodeled 2005 Zoning Multi-FamilyRetailCommercialSpecial Use

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of AMERICA'S CHOICE REALTY LLC: 989-875-5148.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-10-13T22:51:53.743.
 
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500 S. Union
Traverse City MI, 49684