Skip To Content

5705 N State Road

Alma, MI 48801
  • $499,000
  • STATUS: Active
  • ON SITE: 396 Days
  • MLS #: 1922176
$499,000
  • 0
    BEDS
  • 3.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,579
    SQFT
  • $193
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

School District:

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.

Monthly Payment Calculator



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-06-13T23:52:12.21.
www.housestraversecity.com/homes/150461480
Print Image

5705 N State Road Alma, MI 48801

  • Price: $499,000
  • Status: Active
  • On Site: 396 Days
  • MLS #: 1922176
0
Beds
0
Baths
0
½ Baths
3.45
Acres
2,579
SQFT
$193
$/SQFT
1970
Built
Neighborhood:
None
County:
Gratiot
Area:
Gratiot
School District:
Alma Public Schools
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

Additional Buildings Pole Building(s) Construction Frame Exterior Features Countryside View Exterior Finish Vinyl Siding Lot Dimensions 200x200x99x460x264x396 Primary Garage One Car Road Public MaintainedBlacktop Roof Asphalt Water Features None

Interior Features

Appliances Equipment RefrigeratorOven/Range Apx Sqft A 741 Apx Sqft B 582 Apx Sqft C 548 Bath A 1 Bath B 1 Bath C 1 Bath D 1 Bdrm A 2 Bdrm B 1 Bdrm C 1 Bdrm D 2 Fireplace And Stoves None Foundation Slab Heating Cooling Type Forced AirWall Interior Features Storage SpaceDrywall Sqft D 708

Property Features

Deeded Waterfront No Development Amenities None Documents On File Sellers DisclosureAgency DisclosureLBP DisclosureTitle Insurance Energy Efficient Not Applicable Heating Cooling Sources Natural Gas Included In Lease Exterior Maintenance Lease Terms Month-to-MonthYear Lease Listing Agreement Type Exclusive Right to Sell Mineral Rights Unknown Monthly Income Amount A 600 Monthly Income Amount B 475 Monthly Income Amount C 500 Monthly Income Amount D 600 Possession At Closing Property Type 4 - Plex Renewable Not Applicable Section Number 1 Sewer Private Septic Style 1 Story Summer Taxes 2515.61 Taxable Value 216197 Terms Conventional MortgageCash Total Taxes 10202.13 Township Arcada Tv Service Internet Avail Unknown Type Of Ownership Private Owner Univs Design Barrier Free No Steps Entry Water Private Well Water Conservation Not Applicable Winter Taxes 7686.52 Zoning Use Restrictions Multi-FamilyCommercial

Listing information © 2025 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. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-06-13T23:52:12.21.
 
https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_2_1922176-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_2_1922176-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_2_1922176-2.jpg
Logo
Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684