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Mixed-Use Building with Liquor License
For Sale
$179,900

702 WASHINGTON AVE, Bay City, MI 48708

Mixed-use building with open main floor and an upper level retaining apartment layout, plus a Class C liquor license option.

Property Size8,159 SF
Price / SF$22.05
Days on Market21

Property Features for 702 WASHINGTON AVE

General Information

Standard status Active
Size 8,159 SF
Property subtype Industrial

Amenities

Tile, Concrete
3
Flat, Rubber
41112

Building Details

Year Built 1900
Stories 2
Listing Agency: Berkshire Hathaway HomeServices, Bay City
Listed By: Calyb Shaw · License #BCRA-6501437030
Source: Xome
Added: Jul 22 Changed: Aug 8 Last Checked: Aug 11 at 5:22AM

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 Berkshire Hathaway HomeServices, Bay City

Investment Insights

Based on property information with market context.

This mixed-use building offers approximately 8,159 square feet of space and flexible redevelopment options. The main floor features soaring ceilings and an open layout, with a dividing wall already in place that can support multiple commercial spaces or tenants. The second floor was formerly a spacious apartment and still retains much of its original layout, presenting opportunities to restore it as a large residential unit or an income-producing rental while maintaining commercial space below.

A Class C liquor license is available for purchase with the building. The remarks note the liquor license would be available on a first-come, first-served basis if the buildings are sold separately.

Located at 702 Washington Avenue in Bay City, the property is presented as a downtown redevelopment opportunity within an active retail and hospitality setting. The seller describes the concept flexibility for uses such as restaurant, brewery, cocktail lounge, retail, office, mixed-use development, or residential income.

Key Highlights

  • Nearly 8,200 sq ft downtown Bay City commercial/mixed‑use building offered as an individual property.
  • Class C liquor license available for purchase with the building; if sold separately, license availability is first‑come, first‑served.
  • Main floor features soaring ceilings and an open layout, with a dividing wall already in place for multiple spaces or tenants.

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Real Estate Agency Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,018
Businesses Nearby

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with open main floor and an upper level retaining apartment layout, plus a Class C liquor license option.
Where is this mixed-use property located?
The property is located at 702 WASHINGTON AVE Bay City, MI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Nearly 8,200 sq ft downtown Bay City commercial/mixed‑use building offered as an individual property.; Class C liquor license available for purchase with the building; if sold separately, license availability is first‑come, first‑served.; Main floor features soaring ceilings and an open layout, with a dividing wall already in place for multiple spaces or tenants.
More about this property
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