Industrial Property with Truck
For Sale
Contact for pricing
2751 N Water St, Bay City, MI 48706
Industrial-zoned property includes a dedicated shop and truck port.
Property Size7,500 SF
Lot Size3.30 Acres
Price / SF$70
Days on Market61
Property Features for 2751 N Water St
General Information
Standard status
Active
Size
7,500 SF
Lot size
3.30 Acres
Property subtype
Industrial
Zoning
Industrial
Listing Agency:
Henry Johnson Real Estate
Listed By:
Henry Johnson · License #MI 6502112983
Source:
Crexi
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 19 at 7:15AM
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 Henry Johnson Real Estate
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Investment Insights
Based on property information with market context.
Located at 2751 N Water St in Bay City, this Industrial-zoned property occupies 3.3 acres and includes a 7,500-square-foot industrial shop. A separate 5,000-square-foot truck port adds covered space for truck-related operations and equipment. The combination of enclosed industrial workspace and dedicated truck-port area creates a straightforward configuration for industrial use.
Key Highlights
- 7,500‑square‑foot industrial shop
- 5,000‑square‑foot truck port
- 3.3‑acre industrial property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,982
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,640
$919.6K
Cap Rate 7%
$656,886
$656.9K
Cap Rate 9%
$510,911
$510.9K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$57.3K $7.64/SF
− Vacancy
−$3.2K −$0.43/SF
EGI
$54.1K $7.21/SF
− OpEx
−$8.1K −$1.08/SF
NOI
$46.0K $6.13/SF
Area
Bay County, MI
Vacancy
5.59%
Lease Rate
$7.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,640
Cap Rate 7%
$656,886
Cap Rate 9%
$510,911
Alternative Uses
Best Use
Warehouse
$656.9K
$574.8K – $766.4K
NOI $45,982 @ 7.0% cap · market cap 8.76%
Second Best
Industrial
$541.0K
$473.4K – $631.1K
NOI $37,868 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 48706, MI
39,381
Population
18,163
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
66.3 sq mi
ZIP Area
594
Density / Sq Mi
$61,908
Median Household Income
$40,151
Median Earnings
$887
Median Rent
$142,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial-zoned property includes a dedicated shop and truck port.
Where is this industrial property located?
The property is located at 2751 N Water St Bay City, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 7,500‑square‑foot industrial shop; 5,000‑square‑foot truck port; 3.3‑acre industrial property
