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Listed by AMERICA'S CHOICE REALTY LLC
$375,000
Est. payment /mo
6 Baths
23,443 SqFt
Active
5705 N State Road Alma, MI 48801
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 23,443 sqft
Price per Sqft $15
MLS Listing ID 1922175
Year Built 1965
Lot Size 3.450 Acres
Acres 3.45
Property Sub-Type Mixed Use
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.
Location
State MI
Interior
Heating Forced Air, Wall Furnace, Natural Gas
Exterior
Waterfront Description Private
Roof Type Asphalt
Total Parking Spaces 10
Garage false
Building
Foundation Slab
Sewer Private Sewer
Water Private
NEARBY SCHOOL & BUSINESS
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