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5705 N State Road, Alma, MI 48801
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$499,000
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Home Details for 5705 N State Road
Price
$499,000
Type
Commercial/Industrial
Year Build
1965
Sq. Ft.
23443
Lot Size
3.45
County
Gratiot
Tax
$10,202.13
MLS®️ Listing#
1922175
On exitrealty.com
460 days
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.
- Water Features
- Well
- Private
- Heating Information
- Forced Air
- Utilities
- Natural Gas Available
Listing Courtesy: AMERICA'S CHOICE REALTY LLC - 989-763-8060
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright ©2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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$499,000
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515 W Fourteenth St., Traverse City, MI 49684