Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4129 Wilder Rd Bay City, MI

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    62,585 SF building on 5.69 acres in Bay City.

    Type:RETAIL
    Property size:
    62,585 SF
    Lot size:
    5.69 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    128
    Last Refresh:
    Mar 29 at 9:01 pm

    Property Features for 4129 Wilder Rd

    General Information

    Standard status
    Active
    Size
    62,585 SF
    Lot size
    5.69 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Sandra J. Covaleski, CCIM
    Sandra J. Covaleski, CCIM

    Listing agent Sandra J. Covaleski, CCIM

    Listing office COMMERCIAL EQUITIES

    Listing date Nov 24, 2025

    Source Moodyscre

    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 COMMERCIAL EQUITIES

    Overview

    Former JC Penney Available

    The former JC Penney building is situated on the northeast corner of the Bay City Town Center, located at the intersection of Wilder Road and State Street Road. The building encompasses 62,585 square feet and is positioned on a 5.69-acre lot, approximately 2.5 miles from I-75. The property is in great condition and features two docks on the south side, an elevator to the mezzanine, 3-phase power, and six rooftop units, complemented by additional Reznor units on the interior. The ceiling height is approximately 22 feet. Zoned C-2 Regional Commercial, it presents a great opportunity in Bangor Township. A lease option is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The SALON by InStyle ... Hair Salon

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bay City Town Center — 4101 E Wilder Rd, Bay City, MI 48706

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.8921
    Latitude
    43.6274

    Nearby Similar for Lease

    • $12/mo

      Bay Professional Building

      Renovated suites with shared amenities, ideal for health and wellness.
      200 Wenona St, Bay City, MI 48706
      View Details
    • Contact for pricing

      Office or Retail Space Available

      Office or retail space for lease with shared amenities.
      6004 Westside Saginaw Rd, Bay City, MI
      View Details
    • Contact for pricing

      Euclid Avenue Professional Office Space

      Upper-level office space suitable for medical or general use.
      800 S Euclid Ave, Bay City, MI
      View Details
    • $18/mo

      Uptown Bay City Office Space

      Premier Class A office space with riverfront views available for rent.
      21-25 E Main Street, Bay City, MI
      View Details
    • $12/mo

      Bay Professional Building

      Renovated suites in Bay City's professional building, ideal for wellness.
      200 Wenona St, Bay City, MI 48706
      View Details
    • Contact for pricing

      Office, Lab, and Garage Buildings

      Three buildings near I-75 with office, lab, and garage space.
      3933 Monitor Rd, Bay City, MI
      View Details
    • Contact for pricing

      Versatile Flex Space Available

      3,300 SF flex space suitable for various business uses.
      3730 Wilder Rd, Bay City, MI
      View Details
    • Contact for pricing

      Industrial Warehouse in Ace Park

      Condominium warehouse near Saginaw Bay with office and overhead door.
      4402 Ace Commercial Ct, Bay City, MI
      View Details
    • Contact for pricing

      New Flex Space Available

      4,320 SF flex space near I-75 and US-13/23.
      3921 Traxler Court, Bay City, MI
      View Details
    • Contact for pricing

      Available Shared Storage Space

      Shared storage space available with easy accessibility and security.
      5910 2 Mile Rd, Bay City, MI
      View Details
    • Contact for pricing

      Retail Opportunity Inside Meijer Store

      Prime retail spaces available within high-traffic Meijer stores.
      2980 Wilder Rd, Bay City, MI 48706
      View Details
    • Contact for pricing

      Fitness Center with Parking Lot

      Bay City fitness center with adjacent parking lot for sale.
      228 Washington Ave, Bay City, MI
      View Details

    FAQs

    What type of property is this?
    Shopping center - 62,585 SF building on 5.69 acres in Bay City.
    Where is this shopping center located?
    The property is located at 4129 Wilder Rd Bay City, MI.
    What are key features of this property?
    This property features: Large 62,585 SF building on 5.69 acres.; Located at the Bay City Town Center on a corner lot.; In great condition with two loading docks.
    (989) 684-4800
    We can help!
    Listing Contact
    Sandra J. Covaleski, CCIM
    Sandra J. Covaleski, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!