Medical Office Building with
2010 15th St, Bay City, MI 48708
For Sale
$1,500,000
Purpose-built healthcare facility with patient reception, clinical rooms, physician offices, laboratory space, and administrative areas.
Property Size7,638 SF
Lot Size1.06 Acres
Price / SF$196.39
Days on Market96
Property Features for 2010 15th St
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Additional Details
Furnished
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
CENTURY 21 Signature Realty
Listed By:
Kenneth M. Kujawa · License MI #6502333762
(989) 239-5581
Source:
Cpix.resimplifi
Added: Aug 7
Changed: Nov 6
Last Checked: Nov 10 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Signature Realty
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Investment Insights
Based on property information with market context.
Built in 2005, this 7,638-square-foot medical office property occupies 1.06 acres at 2010 15th St in Bay City, Michigan. The interior includes a reception area, waiting room, examination and consultation rooms, physician offices, administrative work areas, laboratory and procedure spaces, private restrooms, staff break facilities, storage, and additional support areas.
A substantial inventory of medical and office equipment is included with the sale, along with furnishings, examination equipment, office furniture, and specialized medical assets. The property is classified under R-6 zoning and has a layout centered on clinical, administrative, and patient-support functions.
A substantial inventory of medical and office equipment is included with the sale, along with furnishings, examination equipment, office furniture, and specialized medical assets. The property is classified under R-6 zoning and has a layout centered on clinical, administrative, and patient-support functions.
Key Highlights
- 7,638‑square‑foot medical office building on 1.06 acres
- Built in 2005
- Medical and office equipment included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,036
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,720
$1.6M
Cap Rate 7%
$1,114,800
$1.1M
Cap Rate 9%
$867,067
$867.1K
Market Conditions
NOI Build-Up for 7,638 SF
Gross rent
$137.5K $18.00/SF
− Vacancy
−$7.4K −$0.97/SF
EGI
$130.1K $17.03/SF
− OpEx
−$52.0K −$6.81/SF
NOI
$78.0K $10.22/SF
Area
Bay County, MI
Vacancy
5.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,720
Cap Rate 7%
$1,114,800
Cap Rate 9%
$867,067
Alternative Uses
Best Use
Healthcare Medical
$1.11M
$975.5K – $1.30M
NOI $78,036 @ 7.0% cap · market cap 5.20%
Second Best
Office B
$1.04M
$907.4K – $1.21M
NOI $72,592 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,789 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built healthcare facility with patient reception, clinical rooms, physician offices, laboratory space, and administrative areas.
Where is this medical office space located?
The property is located at 2010 15th St Bay City, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,638‑square‑foot medical office building on 1.06 acres; Built in 2005; Medical and office equipment included with the sale
