Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1120 N Grant St Bay City, MI 48708

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $129,000

    Church and gymnasium near downtown Bay City available for renovation.

    Lot size:
    1.97 Acres

    Property Features for 1120 N Grant St

    General Information

    Lot size
    1.97 Acres

    Building Details

    Year built
    1949

    We can help!

    Listing Contact
    Perry Green
    Perry Green
    Source: Elliman

    Listing Agent: Perry Green

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

    Learn more

    Property Insight Report

    Overview

    Bay City Church and Gymnasium

    The property includes a 9,000-square-foot church building and an approximately 19,300-square-foot gymnasium. It is located minutes from the developing downtown area of Bay City. The sale includes the church building, gymnasium, and a parking lot. The property offers an opportunity for renovation. Full legal descriptions and parcel numbers for the three lots are available in the documents. Land contract or seller financing options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.8816
    Latitude
    43.57928

    Nearby Similar for Sale

    • New
      $997,500
      9,376 SF

      Turnkey Income-Producing Hospitality Business

      Two-story, 9,900+ sq ft property with short-stay residence.
      302 Tuscola Rd, Bay City, MI 48708
      View Details
    • $225,000
      Pending

      Bay City Four-Unit Rental Property

      Four-unit rental property in a visible, desirable Bay City location.
      39 Salzburg Ave, Bay City, MI 48706
      View Details
    • $349,900
      5,120 SF

      Renovated Bi-Level Commercial Property

      Versatile, renovated bi-level commercial property suitable for various business operations.
      1201 S Euclid Ave, Bay City, MI 48706
      View Details
    • $819,900
      0.33 Acres

      Historic Bay City Multifamily Property

      Restored 16-unit property near downtown with Airbnb potential.
      701 Center Ave, Bay City, MI 48708
      View Details
    • $175,000
      7,920 SF

      Commercial Property on Wilder Road

      High-exposure commercial property on Wilder Road, ready for retail/office.
      2515 E Wilder Rd, Bay City, MI 48706
      View Details
    • $175,000
      7,920 SF

      Commercial Property on Wilder Road

      High-exposure commercial property near I-75 ready for retail or office.
      2515 E Wilder Rd, Bay City, MI 48706
      View Details
    • $819,900
      7,368 SF

      Restored Historic Bay City Multifamily

      Historic 16-unit multifamily property near downtown Bay City.
      701 Center Ave, Bay City, MI 48708
      View Details
    • $299,900
      7,802 SF

      Historic Mixed-Use Investment Opportunity

      Commercial building with storefronts and residential units in historic district.
      703 E Midland St, Bay City, MI 48708
      View Details
    • $575,000
      14,202 SF

      Industrial Buildings with Yard Space

      Two industrial buildings on 2.5 acres suitable for warehousing.
      2429 2 Mile Rd, Bay City, MI 48706
      View Details
    • $230,000
      2,700 SF

      Bay City Live-Work Opportunity

      RM-1 zoned property with home occupation use and business potential.
      512 Germania Ave, Bay City, MI 48706
      View Details
    • $89,000
      1,847 SF

      Bay City Multi-Family Property

      Two-unit residential income property, fully occupied, near Birney Park.
      316 N Jackson St, Bay City, MI 48708
      View Details
    • $89,000
      1,847 SF

      Bay City Two-Unit Multifamily Property

      Fully occupied two-unit property near Birney Park in Bay City.
      316 N Jackson St, Bay City, MI 48708
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Church and gymnasium near downtown Bay City available for renovation.
    Where is this church & religious facility located?
    The property is located at 1120 N Grant St Bay City, MI.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: - Large combined square footage (approx. 28,300 sq ft) between the church and gymnasium.; - Prime location minutes from developing downtown Bay City.; - Includes three lots: church, gymnasium, and parking lot.
    (810) 766-3340
    Request Owner's contact information
    1120 N Grant St Bay City, MI 48708
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1120 N Grant St
    Bay City, MI 48708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1120 N Grant St Bay City, MI 48708
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Perry Green
    Perry Green
    Real Estate License ID: 6501407820
    (810) 766-3340
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.