Commercial Office
For Sale
$260,000
Pending
112 W 2nd Street, Bay Minette, AL 36507
SINGLE_FAMILY - Bay Minette, AL
Property Size1,596 SF
Lot Size0.04 Acres
Days on Market48
Property Features for 112 W 2nd Street
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Lot features
Level
Directions
Heading N on Hwy 59/31 in Bay Minette: Take a Right at the light (McDonald's/Hardees) onto D'Olive, turn a left onto Hall Avenue then a right on W 2nd Street. Property will be on the left just past the church.
Subdivision
Baldwin
Standard status
Pending
APN
23-02-09-4-401-018.001
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
30 X 50 HAND LAND CO ADDN WEST 30 OF LOT 11 BLK 106 FAULK NER REALTY IN THE CITY OF BAY MINETTE SEC 9-T2S-R3E (WD)
Tax Annual Amount
1099
Legal Description
30 X 50 HAND LAND CO ADDN WEST 30 OF LOT 11 BLK 106 FAULK NER REALTY IN THE CITY OF BAY MINETTE SEC 9-T2S-R3E (WD)
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1945
Floors in Building
1
Flooring type
Vinyl
Roof type
Composition, Flat
Listing Agency:
Wellhouse Real Estate Eastern Shore
(251) 709-2233
Listed By:
Gregory Parker · License #142225-1
(251) 263-1088
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 4 at 5:06PM
MLS# 398221
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,596-square-foot commercial building at 112 W 2nd Street provides a compact downtown Bay Minette setting for office, retail, or service-based business operations. The property carries Commercial zoning and was constructed in 1945, with vinyl flooring, electric heating, and a roof system combining composition and flat sections.
The building occupies 0.036 acres in Baldwin County, within the 36507 postal area. Its established downtown location and flexible commercial positioning support consideration by businesses seeking a presence in Bay Minette.
The building occupies 0.036 acres in Baldwin County, within the 36507 postal area. Its established downtown location and flexible commercial positioning support consideration by businesses seeking a presence in Bay Minette.
Key Highlights
- 1,596‑square‑foot commercial building
- Commercial zoning
- 112 W 2nd Street in downtown Bay Minette
Financial Insights For Office B
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 | $30.6k | $19.20 |
| − Vacancy | −$5.8k | −$3.65 |
| EGI | $24.8k | $15.55 |
| − OpEx | −$6.2k | −$3.89 |
| NOI | $18.6k | $11.66 |
1,596 SF · lease $19.20/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 7.16%
Second Best
Retail
$245.3K
$214.7K – $286.2K
NOI $17,174 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$383.8K
$335.8K – $447.8K
NOI $26,866 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 36507, AL
19,608
Population
8,615
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
84%
High-School Grad
343.1 sq mi
ZIP Area
57
Density / Sq Mi
$47,919
Median Household Income
$34,985
Median Earnings
$872
Median Rent
$160,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Commercially zoned property presented for office, retail, or service-based business use.
Where is this office units located?
The property is located at 112 W 2nd Street Bay Minette, AL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,596‑square‑foot commercial building; Commercial zoning; 112 W 2nd Street in downtown Bay Minette
