Updated HVAC Retail
412 Washington Avenue Bay City, MI 48708
412 Washington Avenue, Bay City, MI, 48708
$224,900
For Sale
$224,900
COMMERCIAL - Bay City, MI
Property Size2,463 SF
Lot Size0.23 Acres
Price / SF$91.31
Days on Market490
Property Features for 412 Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot, Off Street
- Security features
- Security Lighting
- Exterior features
- Security Lighting
- Standard status
- Active
- APN
- 16002812809100&160002812800400
- Size
- 2,463 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7875
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Roof type
- Flat
Listing Agency
Century 21 Signature Realty
(989) 921-7000
5580 State Street Suite 4, Saginaw, MI
Listed by
Ken Kujawa · License #6502333762
(989) 239-5581
Added: Mar 18, 2025 Updated: Jun 3 at 5:41 pm Checked: Jul 20 at 2:06 pm
MLS# 50169002
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.
Investment Insights
Based on property information with market context.
This retail commercial property offers approximately 2,500 square feet of space with updated HVAC systems and exposed 12-foot ceilings. The building’s design supports a storefront layout suitable for a range of retail uses, with the interiors benefiting from the noted HVAC improvements.
The property is located at 412 Washington Avenue in Bay City, with a parking lot situated behind the building at 415 Adams. The lot is described as approximately 200 feet deep by 50 feet wide, providing a practical off-street parking arrangement in support of customer visits. The listing also notes proximity to City Hall, Starbucks, and the newly mentioned Pita Way.
For buyers, this is a straightforward retail offering featuring both interior upgrades and an associated rear parking field. The exposed ceiling height can help set expectations for an open, flexible sales floor, while the on-site parking configuration behind the property supports accessibility for customers shopping in the downtown Bay City area. Interested tenants and operators should consider the space’s scale and the documented ceiling and HVAC features when evaluating fit for their retail concept.
The property is located at 412 Washington Avenue in Bay City, with a parking lot situated behind the building at 415 Adams. The lot is described as approximately 200 feet deep by 50 feet wide, providing a practical off-street parking arrangement in support of customer visits. The listing also notes proximity to City Hall, Starbucks, and the newly mentioned Pita Way.
For buyers, this is a straightforward retail offering featuring both interior upgrades and an associated rear parking field. The exposed ceiling height can help set expectations for an open, flexible sales floor, while the on-site parking configuration behind the property supports accessibility for customers shopping in the downtown Bay City area. Interested tenants and operators should consider the space’s scale and the documented ceiling and HVAC features when evaluating fit for their retail concept.
Key Highlights
- 2,500 sq. ft. retail commercial space in downtown Bay City
- Forced‑air heat with central air and updated HVAC systems
- Exposed 12 ft ceilings
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.6k | $12.00 |
| − Vacancy | −$3.5k | −$1.44 |
| EGI | $26.0k | $10.56 |
| − OpEx | −$7.8k | −$3.17 |
| NOI | $18.2k | $7.39 |
2,463 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail storefront with updated HVAC, exposed 12-foot ceilings, and a nearby rear parking lot for customer access.
Where is this retail space located?
The property is located at 412 Washington Avenue 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: 2,500 sq. ft. retail commercial space in downtown Bay City; Forced‑air heat with central air and updated HVAC systems; Exposed 12 ft ceilings
