Medical Office Building with
2010 15th Street, Bay City, MI 48708
For Sale
$1,500,000
COM/IND/BUS OPP, Bay City, MI
Property Size7,638 SF
Lot Size1.06 Acres
Price / SF$196.39
Days on Market95
Property Features for 2010 15th Street
General Information
Property type
Property subtype
Zoning description
Rooms
Exterior features
Accessibility
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Medical Specialty
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Roof type
Listing Agency:
Century 21 Signature Realty - Bay City · Century 21 Real Estate
(989) 686-4500
Listed By:
Sacha Strait
(989) 327-2162
Added: Aug 7
Changed: Oct 27
Last Checked: Nov 9 at 3:06AM
MLS# 50217760
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,638-square-foot medical office building was constructed in 2005 on approximately 1.06 acres. The facility includes a reception area, waiting room, examination and consultation rooms, physician offices, administrative workspaces, laboratory and procedure areas, private restrooms, staff break facilities, storage, and additional support areas. Medical and office equipment is included with the sale.
The property is designed for accessibility, with wheelchair access and an accessible approach with ramp. Building systems include forced-air heating and central air conditioning, while public water serves the property. Shingle and asphalt roofing and a basement are also included among the building features.
The property is designed for accessibility, with wheelchair access and an accessible approach with ramp. Building systems include forced-air heating and central air conditioning, while public water serves the property. Shingle and asphalt roofing and a basement are also included among the building features.
Key Highlights
- 7,638‑square‑foot medical office building on approximately 1.06 acres
- Medical and office equipment included with the sale
- Reception, waiting, examination, consultation, laboratory, and procedure areas
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
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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 center - Medical facility with dedicated clinical, administrative, laboratory, and support areas for healthcare operations.
Where is this medical center located?
The property is located at 2010 15th Street 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 approximately 1.06 acres; Medical and office equipment included with the sale; Reception, waiting, examination, consultation, laboratory, and procedure areas
