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Remodeled Three-Unit Mixed-Use Property
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804 S Farragut Street, Bay City, MI 48708

Fully occupied three-unit mixed-use building with recent roof, boiler, electrical upgrades, and parking lot improvements.

Property Size5,952 SF
Price / SF$32.76
Days on Market60

Property Features for 804 S Farragut Street

General Information

Standard status Active
Size 5,952 SF
Property subtype Mixed Use
Occupancy 100%

Additional Details

Multifamily Units 3

Building Details

Tenancy Multi
Listing Agency: Ayre Rhinehart Bay Realtors
Listed By: Cesar Ortega · License #Mi 6501395874
Source: Crexi
Added: Jun 2 Changed: Jul 10 Last Checked: Jul 29 at 4:17PM

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 Ayre Rhinehart Bay Realtors

Investment Insights

Based on property information with market context.

This for-sale investment property is a three-unit mixed-use building combining commercial and residential apartment space. The building is fully and remodeled, with a new roof, a new boiler, updated electrical systems, and an upgraded parking lot. The property is currently fully occupied.

The asset is located near city amenities, including retail, dining, and transportation options, which supports day-to-day convenience for both commercial and residential occupants. Additional interior photos are scheduled to follow on January 15, with showings available by appointment.

For investors or buyers seeking a turnkey property with in-place occupancy, this three-unit setup offers a practical combination of commercial and residential income in a recently improved building. The completed exterior and systems work can help reduce near-term capital expenditures, and the current occupancy provides immediate income generation from day one.

Key Highlights

  • Fully occupied 3‑unit mixed‑use building providing immediate in‑place income
  • Recent remodeling includes a new roof
  • New boiler installed

Property Analytics

Current Use

Idle Hands Lounge Bar & Pub

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Daycare Center (Bike/Boat/Book/etc) Store Barber Shop

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

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

600
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully occupied three-unit mixed-use building with recent roof, boiler, electrical upgrades, and parking lot improvements.
Where is this triplex located?
The property is located at 804 S Farragut Street 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: Fully occupied 3‑unit mixed‑use building providing immediate in‑place income; Recent remodeling includes a new roof; New boiler installed
More about this property
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