MylesShephard.com Myles Shephard

Alma multi-family property for sale

5705 N State Road

Alma, MI 48801

$375,000 Sq ft: 741 · Type: Multi-family

Property information

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.

Status Active On market 5/12/24 Updated 5/23/26 Type Income
Year built 1970 Finished sq ft 741 Lot acres 3.45
MLS 80017526 Schools Alma Public Schools

Interior

  • Range/Oven
  • Refrigerator

Exterior

  • Pole Barn

Systems

  • Wall Furnace
  • Forced Air
  • Wall/Window Unit(s)
  • Private Well
  • Septic Tank

Listing Courtesy of MiRealSource. Listing Office AMERICA'S CHOICE REALTY LLC (989) 875-5148. For buyer's agent representation click here.

Listing information is provided for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Information is refreshed from MiRealSource.

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