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    508 Euclid Ave Bay City, MI 48706

    For Sale
    $175,000

    18,500 SF, High-Traffic Location

    Property size:
    18,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 508 S Euclid Ave in Bay City, Michigan, presents a unique investment opportunity. The 18,500-square-foot building, constructed in 1950 and extensively renovated in 2020, boasts a Class A rating and is currently 100% occupied. The property features a versatile layout suitable for a bank, quick-service restaurant, or full-service restaurant, offering significant income potential. Situated on a 28,700-square-foot lot, the property benefits from high visibility and accessibility, with 50 parking spaces available. The asking price is $175,000, translating to $9.46 per square foot. The property is zoned for commercial use and offers 100 square feet of air rights. Its prime location at the entrance to I-75, US-10, and M-25 ensures high traffic volume, exceeding 100,000 cars daily in the vicinity. The fee-simple ownership provides complete control and flexibility. The property's strong tenancy, with an occupancy date extending to October 15, 2024, makes it an attractive investment for owner-users. The land value alone ranges from $63 to $125 per square foot. An adjacent office space, leasing for $13,200 annually, is also available for purchase, increasing the overall investment potential. Additional parcels to the north are also available for acquisition. This property offers a rare opportunity to own a thriving commercial space in a high-demand location. The 9-foot ceilings provide ample space and functionality.

    Property Features for 508 Euclid Ave

    General Information

    Property type
    Restaurants
    Square Feet
    18,500 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1950/2020

    HighLights

    • Sale Price: $189,000 - $375,000
    • Land Area: 18,700 - 28,050 square feet
    • Unit Price: $63 - $125 per square foot
    • Ceiling Height: 9 feet
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    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
    -83.9158965
    Latitude
    43.596528

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    FAQs

    What type of property is this?
    Restaurant - 18,500 SF, High-Traffic Location
    Where is this restaurant located?
    The property is located at 508 Euclid Ave Bay City, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Sale Price: $189,000 - $375,000; Land Area: 18,700 - 28,050 square feet; Unit Price: $63 - $125 per square foot
    Request Owner's contact information
    508 Euclid Ave 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
    508 Euclid Ave Bay City, MI 48706
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