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    206 5Th St Bay City, MI 48708

    Sponsored
    For Lease
    $12 SF/Yr ($11,988 /Mo)

    Prime location, two suites available

    Lot size:
    11,988 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story commercial building, located at 206 5th Street in Bay City, Michigan, offers 11,988 square feet of retail and office space. Currently, two suites are available, measuring 952 and 1,447 square feet respectively, representing a total of 2,399 square feet of vacant space. The minimum divisible space is 952 square feet, ideal for smaller businesses. The building sits on a 0.14-acre lot and is zoned C-3. Its prime downtown corner location at the intersection of 5th and Saginaw Streets provides stunning views of the Saginaw River. This historic building, formerly home to Fabric Fair, benefits from its proximity to a variety of restaurants, retail establishments, and services. The Saginaw River, just a block away, offers picturesque views of boating activity during warmer months and ice fishing opportunities in winter. The building features two suites in total. Tenant improvements are negotiable depending on lease terms. The property's APN is 160-021-339-001-00. A wine bar is slated to open in a corner suite in early 2025. This presents a unique opportunity to establish a business in a vibrant and convenient downtown location.

    Property Features for 206 5Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,988 SF
    Total Rate
    11988

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 3
    Size
    2,400 SF
    Rate per SF
    $15
    Space
    Suite 2
    Size
    880 SF
    Rate per SF
    $15
    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
    -83.8883318
    Latitude
    43.5989435

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    FAQs

    What type of property is this?
    Retail property - Prime location, two suites available
    Where is this retail property located?
    The property is located at 206 5Th St Bay City, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
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    206 5Th St 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
    206 5Th St Bay City, MI 48708
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