5705 N State Road, Arcada Twp, MI 48801 - MLS#79080017525

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Jay Fontaine

jay@fontainerealtyteam.com +1(734) 718-7425

$645,000

Est. payment - /mo

23,443 SqFt

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UPDATED:

10/30/2024 03:34 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 23,443 sqft

Price per Sqft $27

MLS Listing ID 79080017525

Originating Board Central Michigan Association of REALTORS�

Year Built 1965

Annual Tax Amount $10,202

Lot Size 3.450 Acres

Acres 3.45

Lot Dimensions 200x200x99x460x264x396

Property Description

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.

Location

State MI

County Gratiot

Area Arcada Twp

Zoning Commercial,Multi-Family

Interior

Heating Forced Air, Wall/Floor Furnace

Heat Source Natural Gas

Exterior

Waterfront no

Roof Type Asphalt

Accessibility Disabled Access

Building

Foundation Slab

Sewer Septic Tank (Existing)

Water Well (Existing)

Structure Type Frame,Vinyl

Schools

School District Alma

Others

Tax ID 290100101201

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

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Listed by Dianne Beard of AMERICA'S CHOICE REALTY LLC

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Jay Fontaine

+1(734) 718-7425

Broker | License ID: 370315

Broker License ID: 370315

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