Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bay City Live-Work Opportunity Title is generated by Realmo AI

    512 Germania Avenue, Bay City, MI 48706

    View on Map
    Claim this Listing
    For Sale
    $195,000

    Commercial Sale, Other - Bay City, MI

    Property size:
    2,700 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $72/SF
    Added:
    Aug 29, 2025
    Days on Market:
    261
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 512 Germania Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,700 SF
    Lot size
    0.33 Acres

    Building Details

    Year built
    1950
    Architectural style
    Other

    We can help!

    Listing Contact
    Seth Vendelboe
    Seth Vendelboe

    Listing agent Seth Vendelboe License #PersonLicenseNumber

    Listing office NextHome Greater Tri-Cities 827 North Michigan Avenue, MI

    Listing date Aug 29, 2025

    MLS# 50186874 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • RM‑1 zoning with potential for M‑1 light industrial conversion offers versatile use.
    • Studio currently setup as a barbershop provides immediate income potential.
    • Large pole barn offers ample storage or workspace.
    • Potential eligibility for Michigan OPRA tax abatement program.
    • Convenient location provides easy access to local amenities.
    • Features 1 bedroom, modern kitchen, 1 full bath, 2 half baths, living room, and recreational room.

    Overview

    This charming property in Bay City, Michigan, is zoned RM-1 and offers versatile home occupation use, ideal for a live-work lifestyle. The property features 1 bedroom, a modern kitchen, 1 full bath, and 2 half baths, along with a living room and a spacious recreational room. A studio currently set up as a barbershop presents an opportunity for entrepreneurs. The property includes ample parking and a large pole barn for additional storage or workspace. Spanning 2700 square feet on a 0.33-acre lot, the property could be converted to M-1 light industrial use with city approval, offering possibilities for commercial ventures. The property may qualify for the Michigan OPRA tax abatement program to assist with redevelopment. The location provides convenient access to local amenities. This multi-functional space is tailored to blend residential comfort and business potential.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.9021988
    Latitude
    43.5882263

    Nearby Similar for Sale

    • $450,000
      5,043 SF

      Mixed-Use Opportunity in Bay City

      Mixed-use property with redevelopment potential in a growing downtown corridor.
      108 S Linn, Bay City, MI 48706
      View Details
    • $790,000
      9,376 SF

      Turnkey Bay City Hospitality Business

      Income-producing 18-room short-stay residence on 1.4 acres.
      302 Tuscola, Bay City, MI 48708
      View Details
    • $549,000
      4,020 SF

      Bay City Office Condo Available

      Professional office condominium in a highly visible corner location.
      1601 Marquette Avenue, Bay City, MI 48706
      View Details
    • $364,000
      15,000 SF

      Mixed-Use Investment in Bay City

      Historic 15,000 SF mixed-use building with redevelopment potential.
      301 E Midland Street, Bay City, MI 48706
      View Details
    • $790,000
      9,376 SF

      Turnkey Income-Producing Hospitality Property

      Two-story, 9,900+ sq ft property with immediate revenue potential.
      302 Tuscola, Bay City, MI 48708
      View Details
    • $154,900
      2,070 SF

      Bay City Commercial/Industrial Property

      Commercial/Industrial property in Bay City, Michigan with high visibility.
      2019 Columbus, Bay City, MI 48708
      View Details
    • $550,000
      14,202 SF

      Industrial Buildings with Yard Space

      Large industrial buildings suitable for warehousing, logistics, storage, and more.
      2429 2 MILE Road, Bay City, MI 48706
      View Details
    • $149,900
      2,681 SF

      Multi-Unit Property with Commercial Space

      Three-unit property featuring a commercial space and residential units.
      206 Marquette, Bay City, MI 48706
      View Details
    • $100,000
      1,055 SF

      Commercial Building on High-Traffic Road

      Commercial building with private parking on a high-traffic corner.
      1200 N Henry, Bay City, MI 48706
      View Details
    • $899,000
      9,900 SF

      Turnkey Income-Producing Hospitality Property

      Two-story, 18-room short-stay residence on 1.4 acres.
      302 Tuscola Rd, Bay City, MI 48708
      View Details
    • $129,900
      1,629 SF

      Bay City Multifamily Duplex

      Two-unit multifamily property in Bay City, currently fully rented.
      400 S Kiesel, Bay City, MI 48706
      View Details
    • $133,500
      1,018 SF

      Bay City Investment Opportunity

      Well-maintained multifamily property with updated units and reliable tenants.
      1307 18th Street, Bay City, MI 48708
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - RM-1 zoned property with home occupation use and business potential.
    Where is this mixed-use property located?
    The property is located at 512 Germania Avenue Bay City, MI.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: RM‑1 zoning with potential for M‑1 light industrial conversion offers versatile use.; Studio currently setup as a barbershop provides immediate income potential.; Large pole barn offers ample storage or workspace.
    (989) 737-4907
    We can help!
    Listing Contact
    Seth Vendelboe
    Seth Vendelboe
    Real Estate License ID: PersonLicenseNumber
    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

    Thank You for Inquiry
    512 Germania Avenue, Bay City, MI 48706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!