3555 Old Kawkawlin RdBay City, MI 48706

Property Details for 3555 Old Kawkawlin Rd

Year built

1960

Lot size

0.37 AC

Property size (Sq ft)

1,347 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

010-008-100-215-00

APU

1000810021500

Description

This fully operational, turn-key restaurant presents a unique investment opportunity in Bay City, Michigan. Located at 3555 Old Kawkawlin Rd, this 1,347 square foot, single-story building sits on a 0.3-acre corner lot, providing ample parking for 20 vehicles. Built in 1960, the property boasts a Class C designation and is zoned for commercial use. The restaurant features a fully equipped kitchen, ready for immediate operation, and offers significant potential for expansion, including outdoor dining options. Its prime location at a high-traffic intersection ensures excellent visibility and accessibility. The asking price is $200,000. This is an owner/user opportunity for a chef, restauranteur, or food enthusiast seeking to establish or expand their culinary business. The property includes one unit and benefits from great sign visibility. This is a rare chance to acquire a thriving restaurant in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $338,968

  6.5%

  $312,893

  7%

  $290,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,516

  Geo Method

  $317,516

• Alternative Use

  Use

  Valuation

  Residential

  $263,937

  Hospitality

  $241,765

  Educational

  $201,146

  Medical

  $208,063

  Retail

  $312,893

Location Insight

City

Bay City

County

Bay

State

Michigan

Latitude

43.6371

Longitude

-83.9134

CBSA code

13020

CBSA name

BAY CITY, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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