For sale

Price cut: $65K (5/20)

$375,000

5705 N State Rd, Alma, MI 48801

6beds

4baths

2,579sqft

Est.: Get pre-qualified

Multi Family

Built in 1970

-- sqft lot

$226,800 Zestimate^®

$145/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.

746 days

199

11

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: $145/sqft
Tax assessed value: $227,006
Annual tax amount: $10,882
Price range: $375K - $375K
Date on market: 5/13/2024
Cumulative days on market: 747 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: 2325
Road surface type: Asphalt

Estimated market value

$226,800

$184,000 - $272,000

$1,116/mo

Price history

Date	Event	Price
5/20/2026	Price change	$375,000-14.8%$145/sqft
Source: NGLRMLS #1922176 Report a problem
4/2/2026	Price change	$440,000-11.8%$171/sqft
Source: NGLRMLS #1922176 Report a problem
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
6/19/2022	Listed for rent	$550
Source: Zillow Rental Manager Report a problem
3/8/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
3/1/2022	Listed for rent	$550+15.8%
Source: Zillow Rental Manager Report a problem
12/13/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
11/22/2021	Listed for rent	$475
Source: Zillow Rental Manager Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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