For sale

$499,000

5705 N State Rd, Alma, MI 48801

6beds

4baths

2,579sqft

Est.:

Multi Family

Built in 1970

-- sqft lot

$218,700 Zestimate^®

$193/sqft

$-- HOA

What's special

Office space

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.

607 days

194

3

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Forced Air, Wall Furnace, Natural Gas

Appliances

Included: Refrigerator, Oven/Range

Features

Storage, Drywall
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,579
Total interior livable area: 2,579 sqft

Property

Parking

Parking features: One Car

Accessibility

Accessibility features: Accessible Entrance

Features

Levels: One
Stories: 1
Has spa: Yes
Has view: Yes
View description: Countryside View
Waterfront features: None

Lot

Size: 3.45 Acres
Dimensions: 200 x 200 x 99 x 460 x 264 x 396

Details

Additional structures: Pole Building(s)
Parcel number: 290100101201
Zoning description: Multi-Family,Commercial

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Frame, Vinyl Siding
Foundation: Slab
Roof: Asphalt

Condition

New construction: No
Year built: 1970

Utilities & green energy

Sewer: Private Sewer
Water: Private

Green energy

Energy efficient items: Not Applicable
Water conservation: Not Applicable

Community & HOA

Community

Features: None
Subdivision: NONE

Location

Region: Alma

Financial & listing details

Price per square foot: $193/sqft
Tax assessed value: $216,197
Annual tax amount: $10,202
Price range: $499K - $499K
Date on market: 5/13/2024
Cumulative days on market: 608 days
Listing agreement: Exclusive Right To Sell
Listing terms: Conventional,Cash
Ownership type: Private Owner
Lease term: Month To Month,12 Months
Total actual rent: 2175
Road surface type: Asphalt

Estimated market value

$218,700

$177,000 - $262,000

$1,186/mo

Price history

Date	Event	Price
3/26/2025	Price change	$499,000-13.2%$193/sqft
Source: NGLRMLS #1922176 Report a problem
1/22/2025	Price change	$575,000-10.9%$223/sqft
Source: NGLRMLS #1922176 Report a problem
7/9/2024	Price change	$645,000-4.4%$250/sqft
Source: NGLRMLS #1922176 Report a problem
5/13/2024	Listed for sale	$675,000$262/sqft
Source: NGLRMLS #1922176 Report a problem
7/12/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem