Mid-Mitten Realty
5705 N State Road Active Save Request In-Person Tour Request Virtual Tour
Alma,MI 48801
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 23,443 sqft
Price per Sqft $27
Subdivision Mi
MLS Listing ID 80017525
Year Built 1965
Annual Tax Amount $10,202
Lot Size 3.450 Acres
Acres 3.45
Lot Dimensions 200x200x99x460x264x396
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
County Gratiot
Area Arcada Twp (29001)
Zoning Multi-Family,Commercial
Interior
Heating Wall Heat,Forced Air
Cooling Wall/Window A/C
Exterior
Garage 6-10 Spaces,11-20 Spaces,Parking Lot
Roof Type Asphalt
Building
Foundation Slab
Water Private Well
Structure Type Frame,Vinyl Siding
Others
Energy Description Natural Gas
Financing Cash,Conventional