$ 645,000
5705 N State Alma, MI 48801
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 645,000
Est. payment /mo
Active
5705 N State Alma, MI 48801
23,443 SqFt
UPDATED:
10/30/2024 03:50 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 23,443 sqft
Price per Sqft $27
Municipality Arcada Twp
Subdivision Arcada Twp
MLS Listing ID 80017525
Originating Board MiRealSource
Year Built 1965
Lot Size 3.450 Acres
Acres 3.45
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
Location
State MI
County Gratiot
Zoning Multi-Family,Commercial
Interior
Heating Forced Air
Cooling Wall Unit(s)
Exterior
View Y/N No
Building
Structure Type Vinyl Siding
Listed by AMERICA'S CHOICE REALTY LLC