412 Washington Avenue Bay City, MI 48708
COMMERCIAL - Bay City, MI
- Added:
- Mar 18, 2025
- Days on Market:
- 482
- Last Refresh:
- Jul 12 at 2:06 pm
Property Features for 412 Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot, Off Street
- Security features
- Security Lighting
- Exterior features
- Security Lighting
- Standard status
- Active
- APN
- 16002812809100&160002812800400
- Size
- 2,463 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7875
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Roof type
- Flat
Listing agent Ken Kujawa License #6502333762 (989) 239-5581
Listing office Century 21 Signature Realty 5580 State Street Suite 4, Saginaw, MI (989) 921-7000
Listing date Mar 18, 2025
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Investment Insights
Based on property information with market context.
The property is located at 412 Washington Avenue in Bay City, with a parking lot situated behind the building at 415 Adams. The lot is described as approximately 200 feet deep by 50 feet wide, providing a practical off-street parking arrangement in support of customer visits. The listing also notes proximity to City Hall, Starbucks, and the newly mentioned Pita Way.
For buyers, this is a straightforward retail offering featuring both interior upgrades and an associated rear parking field. The exposed ceiling height can help set expectations for an open, flexible sales floor, while the on-site parking configuration behind the property supports accessibility for customers shopping in the downtown Bay City area. Interested tenants and operators should consider the space’s scale and the documented ceiling and HVAC features when evaluating fit for their retail concept.
Key Highlights
- 2,500 sq. ft. retail commercial space in downtown Bay City
- Forced‑air heat with central air and updated HVAC systems
- Exposed 12 ft ceilings
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.6k | $12.00 |
| − Vacancy | −$3.5k | −$1.44 |
| EGI | $26.0k | $10.56 |
| − OpEx | −$7.8k | −$3.17 |
| NOI | $18.2k | $7.39 |
