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    1308 Columbus Ave Bay City, MI 48708

    Sponsored
    For Sale
    $190,000

    Bay City, MI: Prime Commercial Property

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This completely renovated commercial building, located in Bay City, Michigan's Columbus Avenue Business District, presents a unique investment opportunity. The property, encompassing two parcels (160-028-284-003-00 and 160-028-284-005-00), boasts a prime location with high traffic volume, just blocks from Uptown. Extensive renovations completed in 2019 included a new roof, windows, exterior doors, furnace, flooring, and interior/exterior paint. A recent upgrade in 2023 added on-demand hot water. The building features a spacious common area/breakroom equipped with kitchen amenities. Currently occupied by a chiropractic office, salon, and attorney's office, this multi-use space offers flexibility for various commercial ventures. Ample parking is available both in front and behind the building. The asking price for this exceptional property is $190,000. This is a rare opportunity to acquire a well-maintained, high-traffic commercial building in a thriving business district. The property is zoned for commercial use and offers significant potential for future growth and income generation. The building's recent upgrades ensure low maintenance costs and immediate occupancy. This is an ideal investment for those seeking a stable and profitable commercial property in a desirable location.

    Property Features for 1308 Columbus Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    George F Shaw ... Law Firm Nails With April Nail Salon Stena M. Peterhans-Ritt, ... Chiropractor The Local Salon Hair Salon Casey Crystal Lawyer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -83.8776285
    Latitude
    43.5891735

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    FAQs

    What type of property is this?
    Land - Bay City, MI: Prime Commercial Property
    Where is this land located?
    The property is located at 1308 Columbus Ave Bay City, MI.
    What is the asking price?
    The asking price for this property is $190,000.
    Request Owner's contact information
    1308 Columbus Ave Bay City, MI 48708
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    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
    1308 Columbus Ave Bay City, MI 48708
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