5705 N State Road
Alma, MI 48801
- – beds
- – baths
- 2,579 sqft
- ~3 acre lot
- $250 per sqft
- – on site
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Nov 5, 2024
•
MLS# 1922176 —
The Building
-
Year Built:1970
-
Construction:Frame
-
Style:1 Story
-
Roof:Asphalt
-
Foundation:Slab
-
Exterior Features:Countryside View
-
Exterior Finish:Vinyl Siding
-
Univs Design/Barrier Free:No Steps Entry
-
Eco Features:no
-
Energy Efficient:Not Applicable
-
SqFt:2579
Interior
-
Interior Features:Storage Space, Drywall
-
Fireplace and Stoves:None
Financial & Terms
-
Terms:Conventional Mortgage, Cash
Location
-
Latitude:43.375814
-
Longitude:-84.607643
The Property
-
Principal Residence:no
-
Property Type:4 - Plex
-
Lot Dimensions:200x200x99x460x264x396
-
Acres:3.45
-
Additional Buildings:Pole Building(s)
-
Zoning:Multi-Family, Commercial
-
Deeded Waterfront:no
-
Water Features:None
-
Road:Public Maintained, Blacktop
-
Mineral Rights:Unknown
-
Price Per SqFt:250.1
Listing Agent
- Contact info:
- Agent phone:
- Office phone:
- (989) 875-5148
Taxes
-
Tax ID:29-01-001-012-01
-
Summer Taxes:$2,515.61
-
Winter Taxes:$7,686.52
Heating & Cooling
-
Heating & Cooling:Natural Gas
-
Heating & Cooling:Forced Air, Wall
Utilities
-
Water:Private Well
-
Sewer:Private Septic
-
TV/Internet:Unknown
Appliances
-
Appliances:Refrigerator, Oven/Range
Schools
-
School District:Alma Public Schools
The Community
-
Subdivision:MI
-
Development Amenities:None
Parking
-
Primary Garage:One Car
Extra Units
-
Total # of Units:4
-
SqFt Unit 1:582 Sqft
-
Unit A Baths:1
-
Unit B Bedrooms:1
-
Unit B Baths:1
-
Unit C Bedrooms:1
-
Unit C Baths:1
-
Unit C Square Feet:548 Sqft
-
Unit D Bedrooms:2
-
Unit D Baths:1
-
Unit D Square Feet:708 Sqft
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/9/24
Jul 9, 2024
|
Price Changed | NGLRMLS | $645,000 | -4.4% |
|
5/13/24
May 13, 2024
|
Listed / Active | NGLRMLS | $675,000 |
