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5705 N State

Alma, MI 48801
  • $375,000
  • STATUS: Active
  • ON SITE: 822 Days
  • MLS #: 1922176
UPDATED: 63 min ago
$375,000
  • 0
    BEDS
  • 3.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 741
    SQFT
  • $506
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

School District:

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.

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[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-14T10:52:17.97.
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5705 N State Alma, MI 48801

  • Price: $375,000
  • Status: Active
  • On Site: 822 Days
  • Updated: 63 min ago
  • MLS #: 1922176
0
Beds
0
Baths
0
½ Baths
3.45
Acres
741
SQFT
$506
$/SQFT
1970
Built
Neighborhood:
None
County:
Gratiot
Area:
Arcada Twp (29001)
School District:
Alma Public Schools
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.
Exterior Features

Foundation Type Slab Lot Size 200x200x99x460x264x396 Structure Style 1 Story Substructure Types Pole Barn Water Features None Waterfront YN No

Interior Features

Appliances Range/OvenRefrigerator Basement YN No Cooling System Wall/Window A/C Fuel Type Natural Gas Heating System Wall HeatForced Air

Property Features

Financial Terms Cash For Sale Or Rent For Sale Lease Information Lease Term 1-2 YearsMonth-To-Month Municipality Arcada Twp Occupancy At Closing Ownership Private Property Type Multi-Family SEV 338200 Sev Year 2024 Sewer Septic Septic Summer Tax Amount 2641.38 Summer Tax Year 2024 Taxable Value 227006 Total Tax Amount 10882.34 Unit1 Occupied YN Yes Unit1 Rent Rate 625 Unit2 Occupied YN Yes Unit2 Rent Rate 525 Unit3 Occupied YN Yes Unit3 Rent Rate 550 Unit4 Occupied YN Yes Unit4 Rent Rate 625 Water Private Well Winter Tax Amount 8240.96 Winter Tax Year 2024 Zoning Multi-FamilyCommercial

Listing courtesy of AMERICA'S CHOICE REALTY LLC : 989-875-5148.

Source MLS: MiRealSource
Originating MLS: Central Michigan Association of

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-14T10:52:17.97.
 
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5400 Gateway Center Ste B
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