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    1123 Sherman St Bay City, MI 48708

    For Sale
    $115,000

    19,500 SF, Redevelopment Opportunity

    Property size:
    19,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 19,500-square-foot mixed-use property, located at 1123 North Sherman Street in Bay City, Michigan, presents a unique redevelopment opportunity. Built in 1958, this former school building sits on a 0.82-acre lot and is zoned R-2 for single and two-family use, offering significant flexibility for future development. The property's prime location offers unparalleled access to key transportation arteries, including easy access to M-25 and I-75, ensuring convenient commutes for residents and employees. Its proximity to downtown Bay City and the General Motors plant provides immediate access to a robust workforce and a thriving urban environment. Furthermore, the building enjoys a picturesque setting overlooking Maplewood Park, offering a tranquil and desirable location. The asking price is $115,000, and the lease type is gross. This presents a compelling investment opportunity for developers seeking to capitalize on the potential of this versatile property in a rapidly growing area. The substantial square footage allows for a wide range of creative uses, from residential conversions to commercial ventures, catering to the diverse needs of the community. The property's history and location combine to create a truly unique and attractive proposition for discerning investors. Serious inquiries are encouraged.

    Property Features for 1123 Sherman St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    19,500 SF
    Lot Size
    35,719 SF

    Building Details

    Year Built
    1958

    HighLights

    • 19,500 SF mixed‑use building on a 0.82‑acre lot in Bay City, MI.
    • Zoned R‑2, allowing single and multi‑family use.
    • Prime location near M‑25 and I‑75, close to downtown and General Motors.
    • Overlooks Maplewood Park.
    • Asking price: $115,000, gross lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.877723
    Latitude
    43.600523

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    FAQs

    What type of property is this?
    Mixed-use property - 19,500 SF, Redevelopment Opportunity
    Where is this mixed-use property located?
    The property is located at 1123 Sherman St Bay City, MI.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: 19,500 SF mixed-use building on a 0.82-acre lot in Bay City, MI.; Zoned R-2, allowing single and multi-family use.; Prime location near M-25 and I-75, close to downtown and General Motors.
    (248) 242-6766
    Request Owner's contact information
    1123 Sherman St Bay City, MI 48708
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    Realmo Value Estimation

    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.

    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.

    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
    1123 Sherman St Bay City, MI 48708
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