Bay City Office Condo
1601 Marquette Avenue, Bay City, MI 48706
Office Building - Bay City, MI
Property size:
4,020 SFLot size:
1.00 AcrePrice / SF:
$136/SF- Added:
- May 7, 2026
- Days on Market:
- 15
- Last Refresh:
- May 21 at 7:06 pm
Property Features for 1601 Marquette Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Office,Commercial
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3
- Parking
- 90
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 4,020 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Annual Amount
- 12272.44
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1998
- Building materials
- Block
- Roof type
- Other
- Architectural style
- Other
Listing agent Robert Lentz (810) 417-0190
Listing office Tamarack Realty Services PO Box 1200, Midland, MI (989) 259-1279
Listing date May 7, 2026
MLS# 1944787
Listing URL
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4,020 SF professional office condominium in a highly visible corner location.
- Located within a professional building primarily occupied by medical office condominiums.
- Features a reception area, waiting room, conference room, two bullpen areas, six private executive offices, kitchenette/breakroom, file storage/vault, and two ADA‑compliant lavatories.
- Recent improvements include a new roof (2021), new HVAC unit (2025), and new ADA‑compliant concrete sidewalks and steps (2025).
- Shared parking for approximately 90 vehicles plus additional employee parking.
- Additional highlights include 16’ clerestory ceilings, monument signage, security system, and updated LED lighting.
Overview
A 4,020 square foot professional office condominium is available in a highly visible corner location in Bay City. Originally constructed as two units and later combined into one expansive executive office suite, this well-maintained space is situated within a professional building primarily occupied by medical office condominiums. Constructed in 1998, the units were professionally built out in 2005. The suite includes a reception area, waiting room, conference room, two bullpen areas accommodating up to 12 workstations, six private executive offices, a kitchenette/breakroom, file storage/vault, and two ADA-compliant lavatories. Additional features include 16-foot clerestory ceilings, monument signage, a security system, shared parking for approximately 90 vehicles plus additional employee parking, and updated LED lighting. The property sits on a 1-acre lot. Recent improvements include a new roof in 2021, a new HVAC unit planned for 2025, and new ADA-compliant concrete sidewalks and steps also planned for 2025.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$424.5K
NOI $38,206 @ 9.00% cap · cautious / downside scenario
Moderate
$545.8K
NOI $38,206 @ 7.00% cap · market / base-case scenario
Aggressive
$764.1K
NOI $38,206 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $14.40 |
| − Vacancy | −$6.9k | −$1.73 |
| EGI | $50.9k | $12.67 |
| − OpEx | −$12.7k | −$3.17 |
| NOI | $38.2k | $9.50 |
4,020 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$545.8K
$477.6K – $636.8K
NOI $38,206 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$727.7K
$636.8K – $849.0K
NOI $50,941 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Bay City
- County
- Bay
- State
- Michigan
- Longitude
- -83.871983
- Latitude
- 43.617391
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Professional office condominium in a highly visible corner location.
Where is this office building located?
The property is located at 1601 Marquette Avenue Bay City, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 4,020 SF professional office condominium in a highly visible corner location.; Located within a professional building primarily occupied by medical office condominiums.; Features a reception area, waiting room, conference room, two bullpen areas, six private executive offices, kitchenette/breakroom, file storage/vault, and two ADA‑compliant lavatories.
