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    228 Washington Ave Bay City, MI 48708

    For Sale
    $695,000

    Bay City fitness center with adjacent parking lot for sale.

    Property size:
    8,600 SF
    Lot size:
    0.40 Acres

    Property Features for 228 Washington Ave

    General Information

    Size
    8,600 SF
    Lot size
    0.40 Acres

    Source: COMMERCIAL EQUITIES Agent Sandra J. Covaleski, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fitness Center with Parking Lot

    This property includes two parcels: 228 Washington with an existing building of approximately 8,600 square feet, and 225 Adams Street, an adjacent parking lot to the east. The building was renovated for Survival Fitness in late 2021. It features five front garage doors that provide natural light and fresh air during warmer temperatures. Currently operating as Survival Fitness, the fitness equipment is negotiable but not included in the listing price. The property is situated in a prime location on the commercial corridor of Downtown Bay City, with the expanding Uptown area to the west on the Saginaw River.
    Insight Report Location Intelligence

    Current Use by Public Records

    Survival Fitness-Crossfit Bay ... Gym

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Revitalize Yourself, All About You Health and Wellness, Cupping for Wellness, Tri-care assisted yoga, Survival Fitness-Crossfit Bay City

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.88851
    Latitude
    43.591957

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    FAQs

    What type of property is this?
    Fitness center & gym - Bay City fitness center with adjacent parking lot for sale.
    Where is this fitness center & gym located?
    The property is located at 228 Washington Ave Bay City, MI.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Prime location on the commercial corridor of Downtown Bay City, near the expanding Uptown area.; - Includes two parcels: a building at 228 Washington (approx. 8,600 SF) and an adjacent parking lot at 225 Adams Street.; - Building renovated in late 2021.
    (989) 450-2236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228 Washington Ave Bay City, MI 48708
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