Retail Space with Parking
For Sale
Contact for pricing
412 Washington Ave, Bay City, MI 48708
Updated HVAC systems support the commercial space, with a separate parking lot at 415 Adams.
Property Size2,463 SF
Price / SF$91.31
Days on Market580
Property Features for 412 Washington Ave
General Information
Standard status
Active
Size
2,463 SF
Property subtype
RETAIL
Amenities
parking lot
Listing Agency:
CENTURY 21 Signature Realty
(989) 921-7000
Listed By:
Kenneth M. Kujawa · License #6502333762
(989) 239-5581
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Oct 16
Last Checked: Oct 16 at 2:30PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 412 Washington Ave includes updated HVAC systems. A parking lot at 415 Adams is included with the property; the lot measures 200 feet deep by 50 feet wide.
The property is in downtown Bay City, near City Hall, Starbucks, and Pita Way.
The property is in downtown Bay City, near City Hall, Starbucks, and Pita Way.
Key Highlights
- Parking lot at 415 Adams measures 200 feet deep by 50 feet wide
- Updated HVAC systems
- Downtown Bay City location near City Hall, Starbucks, and Pita Way
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,206
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,120
$364.1K
Cap Rate 7%
$260,086
$260.1K
Cap Rate 9%
$202,289
$202.3K
Market Conditions
NOI Build-Up for 2,463 SF
Gross rent
$29.6K $12.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$26.0K $10.56/SF
− OpEx
−$7.8K −$3.17/SF
NOI
$18.2K $7.39/SF
Area
Bay County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,120
Cap Rate 7%
$260,086
Cap Rate 9%
$202,289
Alternative Uses
Best Use
Retail
$260.1K
$227.6K – $303.4K
NOI $18,206 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.9K
$390.1K – $520.2K
NOI $31,211 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
88k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Hotels & Casinos 18%
Shops & Services 4%
McDonald's
Dining
26,474 visits/mo
0.1 miles
Starbucks
Dining
16,323 visits/mo
0.0 miles
Taco Bell
Dining
15,676 visits/mo
0.1 miles
Rally's
Dining
9,737 visits/mo
0.4 miles
DoubleTree by Hilton Hotel Bay City - Riverfront
Hotels & Casinos
9,610 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Updated HVAC systems support the commercial space, with a separate parking lot at 415 Adams.
Where is this retail space located?
The property is located at 412 Washington Ave Bay City, MI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Parking lot at 415 Adams measures 200 feet deep by 50 feet wide; Updated HVAC systems; Downtown Bay City location near City Hall, Starbucks, and Pita Way
