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    1401 State St Bay City, MI 48706

    For Sale
    $99,000

    1,000 sq ft Vacant Multifamily/Office Building

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This 1,000 square foot vacant multifamily and executive office building, located at 1401 State St, Bay City, MI 48706, presents a unique redevelopment opportunity. The property sits on a substantial 20,000 square foot lot, offering ample space for expansion. Currently zoned for duplex use, a zoning change may be required to realize the full potential of this site. The building is vacant and requires removal, presenting a blank canvas for new construction. The property boasts a prime location, just 700 feet from Wilder Road and the Bay City Mall, in an area identified as ideal for commercial development. Utilities (sewer, water, electric, gas) are available on-site. The lot dimensions are approximately 100' x 200', and features double curb cuts and unlimited parking. Additional adjacent land is also available, increasing the overall development potential. The asking price is $99,000. APN: 160-017-226-021-00. This property is perfect for investors seeking a high-impact redevelopment project in a thriving Michigan location.

    Property Features for 1401 State St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,000 SF
    Class
    C

    HighLights

    • $99,000 Asking Price for a Redevelopment Opportunity
    • Multifamily and Office Property, Class C, currently vacant.
    • 1,000 square feet on a 20,000 square foot lot, zoned Duplex.
    • Located at 1401 State St, Bay City, MI 48706 (APN: 160‑017‑226‑021‑00).
    • Potential for apartment development; additional adjacent land available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.8947041
    Latitude
    43.6218117

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    FAQs

    What type of property is this?
    Multifamily property - 1,000 sq ft Vacant Multifamily/Office Building
    Where is this multifamily property located?
    The property is located at 1401 State St Bay City, MI.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: $99,000 Asking Price for a Redevelopment Opportunity; Multifamily and Office Property, Class C, currently vacant.; 1,000 square feet on a 20,000 square foot lot, zoned Duplex.
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    1401 State St Bay City, MI 48706
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    Bay City, MI 48706
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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
    1401 State St Bay City, MI 48706
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