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1484 Straits Dr Bay City, MI 48706

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For Sale
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High-Cap Rate Office Building, Bay City, MI

Property size:
18,750 SF

Property Features for 1484 Straits Dr

General Information

Property type
Medical offices
Square Feet
18,750 SF

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Listing Contact
Gretchen Witherspoon
Gretchen Witherspoon

Listing Agency: Trademark Commercial Group Listing Agent: Gretchen Witherspoon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a multi-tenant office building situated in Bay County's Valley Center Technology Park, conveniently located at the intersection of US-10 and Mackinaw Road. The property, known as Valley Center Tech Park Commerce Center, encompasses 18,750 square feet and boasts an impressive 11.00% capitalization rate. Currently, only one of the seven suites is vacant, indicating strong occupancy and rental income. The building primarily features office space, complemented by some tech/warehouse areas, a practical design incorporating six overhead doors at the rear. This strategic location within the Great Lakes Bay Region provides easy access to Saginaw, Bay City, and Midland, ensuring high visibility and convenient commutes for tenants. The asking price is $1,710,000, translating to a price per square foot of $91.20. This well-maintained property offers a compelling investment prospect for discerning buyers seeking a strong return in a desirable location. The building's blend of office and tech/warehouse space caters to a diverse range of potential tenants, enhancing its long-term value and rental potential. The high occupancy rate further underscores the property's desirability and stability within the market. This is a rare opportunity to acquire a well-positioned, high-performing commercial property in a thriving Michigan market. The address is 1484 Straits Dr, Bay City, MI 48706.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Bridget Ross Physician NAEEM AHMED Physician Purvaj Patel Physician April St John-Keenoy Pediatrician Ivette Zarrillo Physician

Suggested Use

Building Supply Dental Office Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Storage Facility Grocery & Convenience Store Daycare Center Veterinary Clinic Carpet & Flooring 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
-83.993357238822
Latitude
43.592558217719

FAQs

What type of property is this?
Medical office - High-Cap Rate Office Building, Bay City, MI
Where is this medical office located?
The property is located at 1484 Straits Dr Bay City, MI.
What is the asking price?
The asking price for this property is $1,710,000.
What are key features of this property?
This property features: $1,710,000 asking price.; 18,750 square feet.; $91.20 price per square foot.
(989) 792-2192 Call to check price and availability
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