Active

5705 N State Road

Alma, Michigan 48801

$375,000 $1,581/Mo

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Overview

Bed

Bath

741

Sqft

3.45

Acres(Lot)

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.

Property Details

Property Type : Multifamily

Price : $375,000

AD Id : 62701437

MLS Id : 79080017526

Lot Size : 3.45 Acres

Living Area Size : 741

Year Built : 1970

County : Gratiot

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Cooling: Wall Unit(s) Heating: Forced Air,Wall Furnace Heating Fuel: Natural Gas

Building Information

Year Built: 1970 Building Stories: 1 Story Total Units: 4 Foundation/Basement: Slab
Utility Features

Sewer: Septic Tank (Existing)
Water

Well (Existing)

Lot Information

Lot Size: 3.45 Lot Dimensions: 200x200x99x460x264x396
Property Information

SQ ft: 741 Subdivision: NONE Financing: Cash

Listing Price Information

Original List Price: $675,000
Listing Information

Possession: At Close Legal Description: COM 16 RDS N OF SE COR OF NE 1/4 OF NE 1/4,TH W 200 FT,N 6 RES,E 200 FT, S 6 RDS TO POB,ALSO AT THE SE COR OF THE NE 1/4 OF THE NE 1/4,TH W 40 RDS,N 16 RDS,E 40 RDS,S 16 RDS TO BEG EX S 165 FT,OF THE E 264 FT,SEC 1.3.45 AC (200x200x99x460x264x396x165x264)

Tax Information

Annual Tax: $10,202 Parcel Number: 290100101201
Possession

At Close
Legal Information

Legal Description: Section: COM 16 RDS N OF SE COR OF NE 1/4 OF NE 1/4,TH W 200 FT,N 6 RES,E 200 FT, S 6 RDS TO POB,ALSO AT THE SE COR OF THE NE 1/4 OF THE NE 1/4,TH W 40 RDS,N 16 RDS,E 40 RDS,S 16 RDS TO BEG EX S 165 FT,OF THE E 264 FT,SEC 1.3.45 AC (200x200x99x460x264x396x165x264)

School Information

School District: Alma
Utility Information

Water: Well (Existing) Sewer: Septic Tank (Existing)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
230 Ely Street , Alma, MI, 48801	$50,043	--	--	--

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ByOwner last updated this listing 06/11/2026 @ 16:56

MLS: 79080017526 LISTED BY: Cody Nevins , AMERICA'S CHOICE REALTY LLC 989-875-5148 SOURCE: Realcomp II Ltd