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    1123 Sherman St Bay City, MI 48708

    Sponsored
    For Lease
    $6 SF/Yr ($9,750 /Mo)

    19,500 SF Former School Building - Available Now

    Lot size:
    19,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 19,500-square-foot mixed-use property, located at 1123 North Sherman Street in Bay City, Michigan, presents a unique redevelopment opportunity. Situated on a 0.82-acre lot at the intersection of N. Sherman and 3rd Street, this single-tenant building was constructed in 1958 and is currently vacant. The property boasts a prime location, offering convenient access to major thoroughfares like M-25 and I-75, ensuring excellent visibility and accessibility. Its proximity to downtown Bay City and the General Motors plant provides significant advantages for future tenants and businesses. The building overlooks Maplewood Park, adding to its appeal and providing a pleasant environment. Currently zoned R-2 for single and two-family use, this versatile property offers considerable potential for a variety of mixed-use developments, catering to diverse business needs. The entire 19,500 square feet is available for immediate occupancy, allowing for a seamless transition for the new owner or tenant. This is a rare chance to acquire a substantial property in a thriving Michigan community with strong potential for significant return on investment. The property's size and location make it an ideal candidate for adaptive reuse, offering a blank canvas for creative and innovative development plans. Serious inquiries are encouraged.

    Property Features for 1123 Sherman St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,500 SF
    Total Rate
    9750

    Building Details

    Year Built
    1958

    Unit(s) available at that property

    Space
    Available Space
    Size
    19,500 SF
    Rate per SF
    $6

    HighLights

    • 19,500 SF mixed‑use building on a 0.82‑acre lot in Bay City, MI.
    • Located at 1123 N. Sherman St., at the intersection of N. Sherman and 3rd St.
    • Vacant, single‑tenant building constructed in 1958.
    • Prime location with easy access to M‑25 and I‑75, near downtown Bay City and the General Motors plant.
    • R‑2 zoning allows for single and two‑family use, offering mixed‑use development potential.
    • Entire 19,500 SF immediately available.
    Property Profile 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?
    Retail property - 19,500 SF Former School Building - Available Now
    Where is this retail property located?
    The property is located at 1123 Sherman St Bay City, MI.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    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.; Located at 1123 N. Sherman St., at the intersection of N. Sherman and 3rd St.; Vacant, single-tenant building constructed in 1958.
    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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