About 5705 N State
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.
Features of 5705 N State
| MLS® # | 79080017526 |
|---|---|
| Price | $499,000 |
| Bathrooms | 0.00 |
| Square Footage | 741 |
| Acres | 3.45 |
| Year Built | 1970 |
| Type | Multifamily |
| Status | Active |
Community Information
| Address | 5705 N State |
|---|---|
| Area | 29061 - Arcada Twp |
| Subdivision | NONE |
| City | Arcada township |
| County | Gratiot |
| State | Michigan |
| Zip Code | 48801 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Oven, Refrigerator, Range |
|---|---|
| Heating | Forced Air, Natural Gas, Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Foundation | Slab |
|---|
School Information
| District | Alma |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | AMERICA'S CHOICE REALTY LLC |
|---|---|
| Contact Info | codynevinsrealty@gmail.com |