1515 N Johnson St Bay City, MI 48708
This exceptional 6.52-acre commercial/industrial development site is ideally located at the hard corner of Kethcum Street and N Johnson Road in Bay City, Michigan (48708). Priced at $615,000, this cleared lot boasts 950 feet of frontage and presents a unique build-to-suit opportunity. Zoned M2 General Industrial, the property allows for a wide range of uses, including but not limited to: industrial, agricultural, residential, dispensary, distribution, and warehousing. Recent approvals for cannabis production and marijuana distribution further enhance its potential. Its strategic location offers easy access to Interstate 75 (I-75) and proximity to the Saginaw River. The property is owned by Green Leedership, LLC and is offered for sale by owner. Permitted uses under the M2 zoning include distribution, research and development, manufacturing (electronics, metals, rubber, paper, vehicles, food & leather), recycling, tool/dye shops, warehousing, and agricultural applications (including cannabis). This prime location and versatile zoning make this a highly attractive investment for developers seeking a ready-to-build site with significant upside potential. The property is completely cleared and ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M-2 GEN IND · Bay City, MINo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.