Neighborhood Convenience Store with Rental
For Sale
$89,900
1501 Park Avenue, Bay City, MI 48708
COM/IND/BUS OPP, Bay City, MI
Property Size1,820 SF
Lot Size0.07 Acres
Price / SF$49.40
Days on Market237
Property Features for 1501 Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Subdivision
MCEWANS
Lot features
Corner Lot, Main Street, Residential Area
Standard status
Active
APN
09-160-022-254-022-00
Size
1,820 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3004
Utilities
Heating system
Wall Furnace
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Roof type
Rubber, Shingle
Listing Agency:
Century 21 Signature Realty - Bay City · Century 21 Real Estate
(989) 686-4500
Listed By:
Jill Maxon · License #6501379813
(989) 615-8945
Added: Jan 12
Changed: Sep 5
Last Checked: Sep 6 at 12:06AM
MLS# 50197391
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Investment Insights
Based on property information with market context.
This 1,820-square-foot convenience store occupies a 0.07-acre property at 1501 Park Avenue in Bay City. The building dates to 1900 and includes beer and wine coolers, a basement, wall-furnace heating, central air, public water, and a combination rubber and shingle roof. The store has operated continuously for over 75 years.
An upper unit is occupied by a tenant who has been in place for 15 years under a month-to-month rental arrangement, adding an existing income component and flexibility for future ownership plans. The property is offered with the established retail operation and its current building improvements.
An upper unit is occupied by a tenant who has been in place for 15 years under a month-to-month rental arrangement, adding an existing income component and flexibility for future ownership plans. The property is offered with the established retail operation and its current building improvements.
Key Highlights
- 1,820‑square‑foot convenience store on a 0.07‑acre property
- Continuous operation for over 75 years
- Beer and wine coolers included
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Home Improvements & Furnishings 34%
7-Eleven
Shops & Services
6,224 visits/mo
0.5 miles
Ace Hardware
Home Improvements & Furnishings
3,165 visits/mo
0.4 miles
Demographics for 48708, MI
25,860
Population
12,625
Households
2
Avg Household Size
41
Median Age
17%
College-Educated
89%
High-School Grad
29.1 sq mi
ZIP Area
889
Density / Sq Mi
$50,216
Median Household Income
$31,978
Median Earnings
$703
Median Rent
$98,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating retail property with beer and wine coolers plus an upstairs tenant on a month-to-month arrangement.
Where is this grocery and convenience store located?
The property is located at 1501 Park Avenue Bay City, MI.
What is the asking price?
The asking price for this property is $89,900.
What are key features of this property?
This property features: 1,820‑square‑foot convenience store on a 0.07‑acre property; Continuous operation for over 75 years; Beer and wine coolers included
