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.
For sale
$499,000
5705 N State Rd, Alma, MI 48801
6beds
4baths
2,579sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$229,600 Zestimate®
$193/sqft
$-- HOA
What's special
Office space
- 453 days
- on Zillow |
- 208 |
- 2 |
- Loading
- Loading