For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers

808 Euclid Ave Bay City, MI 48706

Sponsored
For Sale
$450,000

Mixed-use building, high ROI potential.

Property size:
10,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional mixed-use property at 808 N Euclid Ave, Bay City, MI 48706, presents a compelling value-add investment opportunity. The 10,000 square foot building, constructed in 1950 and renovated in 2018, sits on a 0.7-acre lot and boasts a desirable Class A designation. Currently operating at 50% occupancy with three tenants, the property offers significant upside potential. The building features a mix of retail, office, and residential spaces, including six units in total. The ground floor comprises four 20' x 40' retail suites on Euclid Ave, while the second floor houses four business offices and two residential units of varying sizes. One suite is currently leased for $2,100 per month plus utilities and is suitable for a medical clinic or business office, featuring an x-ray machine and two lead-lined rooms. The property includes 30 parking spaces and benefits from a high daily traffic count of 80,000 vehicles, situated just one mile from I-75 and US-10. The asking price is $450,000, representing a compelling $45 per square foot and an 8% cap rate, with a projected NOI of $50,000. The property is zoned commercial and offers 100 square feet of air rights. Lease commencement for current tenants is October 4, 2024, under a modified lease agreement. This fee-simple ownership opportunity is ideal for investors seeking strong returns in a prime Bay County location. The building features a 10-foot ceiling height. The APN is 010-017-300-425-00.

Property Features for 808 Euclid Ave

General Information

Property type
Individual retail properties
Square Feet
10,000 SF
Class
A
Lot Size
30,492 SF

Building Details

Year Built/Renovated
1950/2018
Buildings
1
Stories
2
Units
6

HighLights

  • Suite E: 2,700 SF, $2,100/month + utilities, suitable for medical clinic (includes x‑ray & lead‑lined rooms).
  • 10,000 SF gross leasable area; current net income $53,000+.
  • Mixed‑use property: retail, office, and apartments.
  • 50% occupancy; 0.7‑acre lot.
  • 80' x 80' building; ground floor features four 20' x 40' retail suites.
  • Second floor: 3,400 SF with four offices and two residential units.
Property Profile Location Intelligence

Current Use by Public Records

Computers To Go Computer Repair Service The Gravel Pit Clothing Store Dr. Parveen A. Malik, ... Doctor Big Time Smoke ... Tobacco Shop Euclid Health Spa Massage Spa

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Bay City
County
Bay
State
Michigan
Longitude
-83.9143139
Latitude
43.6106519

FAQs

What type of property is this?
Individual retail property - Mixed-use building, high ROI potential.
Where is this individual retail property located?
The property is located at 808 Euclid Ave Bay City, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Suite E: 2,700 SF, $2,100/month + utilities, suitable for medical clinic (includes x-ray & lead-lined rooms).; 10,000 SF gross leasable area; current net income $53,000+.; Mixed-use property: retail, office, and apartments.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message