5705 N State Road Alma, MI $ 499,000
5705 N State Road
$ 499,000
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5705 N State Road

Alma, MI, 48801
$ 499,000
Bedrooms-- Baths-- Sq 23,443

Monthly Estimate*

$ 3,113

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Commercial Property for sale in Alma, MI

for $499,000. This 23,443 square foot building was built in 1965 on a lot size of 3.45.

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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Commercial Active

Price

$ 499,000

Property Type

Commercial

Taxes

$ 10,202

Style

Commercial/Industrial

Lot Size

3.45

Year Built

1965

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

80017525

Features
General
Heating Wall Heat Forced Air
Cooling Wall/Window A/C
Possession At Close
Roof Asphalt
Water Private Well
Status Active Active
Year Built 1965
Parking 6-10 Spaces 11-20 Spaces Parking Lot
Subdivision NONE MI
County Gratiot
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name TBD
Ownership Private
Municipality Arcada Twp
Section 1
Zoning Multi-Family Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features ADA Accessible Bath Outbuilding(s) Overhead Doors
Area Arcada Twp (29001)
Primary City Alma
Directions JUST SOUTH OF LINCILN RD AND STATE ROAD INTERSECTION.
City Alma
Financial Terms Cash Conventional
Legal Description COM 16 RDS N OF SE COR OF NE 1/4 OF NE 1/4 TH W 200 FT N 6 RES E 200 FT S 6 RDS TO POB ALSO AT THE SE COR OF THE NE 1/4 OF THE NE 1/4 TH W 40 RDS N 16 RDS E 40 RDS S 16 RDS TO BEG EX S 165 FT
DOM 569
Postal Code 48801
Price Per Sq Ft Total AG 21.29
Public Remarks 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
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Exterior
Exterior Frame Vinyl Siding
Lot Size Area 3.45
Lot Dimensions 200x200x99x460x264x396
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Cody Nevins

Listing Agent

America's Choice Realty Llc

Broker

codynevinsrealty@gmail.com

Email

Affordability Calculator

$3,963
Per Month
79%
21%
0%
Monthly Principal & Interest
$3,113
Monthly Property Taxes
$850
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2025$499,000 -13.22% Price Down
1/22/2025$575,000 -10.85% Price Down
7/9/2024$645,000 -4.44% Price Down
5/13/2024$675,000 Listed Price

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5705 N State Road, Alma, MI, 48801 is a Commercial Property for sale at $499,000 with 23,443 sqft and a lot size of 3.45. 5705 N State Road was built in 1965. The property's zip code is 48801 which is in Alma, MI