5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
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Shannon Bagdonas

Shannon Bagdonas

+1(313) 766-8387
$ 440,000
Est. payment | /mo

23,443 SqFt

Save
$ 440,000
Est. payment | /mo
Save

23,443 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 23,443 sqft

Price per Sqft $18

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 Sub-Type Commercial/Industrial

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

Parking Features 6-10 Spaces, 11-20 Spaces, Parking Lot

Roof Type Asphalt

Building

Foundation Slab

Water Private Well

Structure Type Frame,Vinyl Siding

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by AMERICA'S CHOICE REALTY LLC

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Shannon Bagdonas
Shannon Bagdonas

Team Lead / Broker Partner

+1(313) 766-8387

movinginmichigan.net

6838 Park Ave, Allen Park, MI, 48101-2036, USA

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5705 N State Road