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$440,000
Est. payment /mo
23,443 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 23,443 sqft
Price per Sqft $18
MLS Listing ID 79080017525
Year Built 1965
Lot Size 3.450 Acres
Acres 3.45
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 Area29061Arcadatwp
Interior
Heating Forced Air, Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features ParkingLot, Other
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Asphalt
Building
Foundation Slab
Sewer Septic Tank
Water Well
New Construction No
Schools
School District Alma
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Cody Nevins of AMERICA'S CHOICE REALTY LLC
Nearby Locations
Latonia Knox
Broker Associate | License ID: Ga: 365526 Mi: 6506048686
+1(678) 674-7929 | lknox@axenrealty.com