Mixed-Use Building with Heated
For Sale
$185,000
702 S Euclid Ave, Bay City, MI 48706
A second-floor apartment complements the street-level office, with a heated garage on site.
Property Size1,000 SF
Price / SF$185
Days on Market10
Property Features for 702 S Euclid Ave
General Information
Standard status
Active
Size
1,000 SF
Class
C
Property subtype
Office
Zoning
C
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Building Size
1,000 SF
Year Built
1938
Listing Agency:
COMMERCIAL EQUITIES
Listed By:
Sandra J. Covaleski · License #6502139796
(989) 684-4800
Source:
Cpix.resimplifi
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 3:06PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property pairs an office with an upper-level apartment and a heated garage. The building dates to 1938 and is zoned C.
At 702 S Euclid Ave in Bay City, the property sits on Euclid Avenue, just south of US-10.
At 702 S Euclid Ave in Bay City, the property sits on Euclid Avenue, just south of US-10.
Key Highlights
- Office, upper apartment, and heated garage
- Built in 1938
- Zoned C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,504
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,080
$190.1K
Cap Rate 7%
$135,771
$135.8K
Cap Rate 9%
$105,600
$105.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$14.4K $14.40/SF
− Vacancy
−$1.7K −$1.73/SF
EGI
$12.7K $12.67/SF
− OpEx
−$3.2K −$3.17/SF
NOI
$9.5K $9.50/SF
Area
Bay County, MI
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,080
Cap Rate 7%
$135,771
Cap Rate 9%
$105,600
Alternative Uses
Best Use
Office B
$135.8K
$118.8K – $158.4K
NOI $9,504 @ 7.0% cap · market cap 5.14%
Second Best
Mixed Use
$120.5K
$105.5K – $140.6K
NOI $8,438 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$181.0K
$158.4K – $211.2K
NOI $12,672 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
479
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor apartment complements the street-level office, with a heated garage on site.
Where is this mixed-use property located?
The property is located at 702 S Euclid Ave Bay City, MI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Office, upper apartment, and heated garage; Built in 1938; Zoned C
