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    1504 Mccormick St Bay City, MI 48708

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    For Sale
    $50,000

    Cash-only investment opportunity; gutted building ready for customization.

    Lot size:
    0.13 Acres

    Property Features for 1504 Mccormick St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1900

    Source: Area Wide Real Estate Agent Sue Toner

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

    Overview

    Investment Property Ready for Renovation

    This is a cash-only investment property. The main, upper, and basement levels have been gutted down to the studs. New windows have been installed, and the roof is in good condition. The property features a fireplace and new wiring, although their condition is unknown. The basement includes egress windows. It is set up for three bathrooms on each level, potentially accommodating three apartments. There is upper-level access at the back of the house. The property is being sold in as-is condition and is ready for an investor to customize it. It could be a multi-family investment.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.89712
    Latitude
    43.566444

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    FAQs

    What type of property is this?
    Apartment building - Cash-only investment opportunity; gutted building ready for customization.
    Where is this apartment building located?
    The property is located at 1504 Mccormick St Bay City, MI.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Gutted to the studs: Ready for complete customization and renovation.; - Potential for multi-family investment: Set up for 3 bathrooms on each level, suggesting conversion to 3 apartments.; - Separate upper-level access: Provides potential for independent unit access.
    (989) 325-0319
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    1504 Mccormick St Bay City, MI 48708
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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
    1504 Mccormick St Bay City, MI 48708
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