Improved Commercial Land for Sale in Alma, Michigan
5705 N State Rd Alma, MI 48801
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.
Directions
JUST SOUTH OF LINCILN RD AND STATE ROAD INTERSECTION.
Property details
- County
- Gratiot County
- Zoning
- Multi-Family, Retail, Commercial, Special Use
- Elevation
- 748 feet
- MLS Number
- TAAR 1922175
- Date Posted
Property taxes
- Recent
- $10,202
Detailed attributes
Listing
- Type
- Commercial Sale
Structure
- Roof
- Asphalt
- Heating
- Forced Air
Exterior
- Parking Spots
- 10
Interior
- Rooms
- Basement, Bathroom x 5
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
July 9, 2024 | Price drop | $645,000 | $30,000 -4.4% | TAAR |
May 13, 2024 | New listing | $675,000 | — | TAAR |