Property profile

1112 Garfield Ave Bay City, MI 48708

OFF-MARKET
Retail space
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Property ID
US43-4452249
4,900 SF 0.13 ac Built 1900
Last sale Aug 2024·$182,100
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This property portfolio consists of multiple income-producing buildings associated with a long-running retail operation in Bay City, Michigan, located at 1112, 1110, and 1113 Garfield Ave. The package includes 1112 Garfield, occupied by the Magic Carpet store, and 1110 Garfield, which is a four-unit building featuring an approximately 1,050-square-foot commercial space plus two-bedroom, two-bath and two-bedroom, one-bath apartments, along with a one-room efficiency unit. Also included is 1113…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$104k
Effective rate6.48%

Value estimate

· Nov 2026
$180k
$162k – $198k
AI approach$180k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$55/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$33 – $81

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2A GENL BUS
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.7
Realty agency17.5
Dental Office14.3

Location

1112 Garfield Ave Bay City, MI 48708-7178
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 1st, Bay City, MI 48708-5803 $200,000 Jan 2026 3,240 SF
1704 Woodside, Bay City, MI 48708-5481 $32,000 Jul 2025 3,980 SF
900 Cass, Bay City, MI 48708-8524 $733,632 Dec 2024 2,640 SF
1313 Johnson, Bay City, MI 48708-6257 $120,000 Dec 2023 4,600 SF
1719 3rd, Bay City, MI 48708-6211 $154,350 Nov 2023 3,888 SF
601 Washington, Bay City, MI 48708-5727 $250,000 Oct 2021 4,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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