Freestanding Retail Property on
For Sale
$699,000
Bay City, MI 48706, Bay City, MI 48706
Retail site for sale with high traffic volume.
Property Size4,080 SF
Price / SF$171.32
Days on Market252
Property Features
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Retail
Building Details
Building Size
4,080 SF
Year Built
1972
Listing Agency:
Signature Associates
Listed By:
Joe Rizqallah
(616) 822-6310
Source:
Tcnworldwide
Added: Jan 27
Changed: Oct 4
Last Checked: Oct 5 at 4:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates
Investment Insights
Based on property information with market context.
This freestanding retail property is located along Wilder Road, benefiting from a traffic volume of almost 19,000 cars per day. The site was renovated in 2018 and is suitable for a variety of uses, including coffee shops, cafes, restaurants, clothing stores, and banks. There are no deed restrictions on the property. The property was previously a cannabis retail location. The property has a size of 4,080 square feet.
Key Highlights
- High traffic location on Wilder Rd with approximately 19,000 cars per day.
- Free‑standing retail property.
- Renovated in 2018.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,159
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,180
$603.2K
Cap Rate 7%
$430,843
$430.8K
Cap Rate 9%
$335,100
$335.1K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$49.0K $12.00/SF
− Vacancy
−$5.9K −$1.44/SF
EGI
$43.1K $10.56/SF
− OpEx
−$12.9K −$3.17/SF
NOI
$30.2K $7.39/SF
Area
Bay County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,180
Cap Rate 7%
$430,843
Cap Rate 9%
$335,100
Alternative Uses
Best Use
Retail
$430.8K
$377.0K – $502.7K
NOI $30,159 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$738.6K
$646.3K – $861.7K
NOI $51,702 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
329k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Dining 26%
Shops & Services 24%
Home Improvements & Furnishings 12%
Walmart
Superstores
98,736 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
27,125 visits/mo
0.4 miles
McDonald's
Dining
20,563 visits/mo
0.1 miles
Buffalo Wild Wings
Dining
17,439 visits/mo
0.5 miles
Starbucks
Dining
17,132 visits/mo
0.4 miles
Demographics for 48706, MI
39,381
Population
18,163
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
66.3 sq mi
ZIP Area
594
Density / Sq Mi
$61,908
Median Household Income
$40,151
Median Earnings
$887
Median Rent
$142,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail property - Retail site for sale with high traffic volume.
Where is this retail property located?
The property is located at Bay City, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High traffic location on Wilder Rd with approximately 19,000 cars per day.; Free‑standing retail property.; Renovated in 2018.
