1001 Garfield Ave Bay City, MI 48708
This exceptional Bay City, Michigan property at 1001 Garfield offers a unique investment opportunity. Located directly on Garfield/M-84, this 0.13-acre lot features a two-story, 1900-built building with significant potential. Currently vacant, the property includes a ground-floor retail space ideal for a variety of businesses, ready for immediate occupancy and customization. Upstairs, a two-bedroom apartment provides additional income potential through rental. The property boasts six parking spaces, a valuable asset for both retail customers and apartment tenants. The building's solid structure provides a strong foundation for future development or continued use. This is a rare chance to acquire a well-situated commercial property in a thriving Michigan community, with the potential for immediate rental income and long-term appreciation. The asking price is $69,900. The property is zoned for commercial use and is conveniently located in Bay County, Michigan, zip code 48708. This is a for-sale-by-owner opportunity. The property's prime location on a busy thoroughfare ensures high visibility and accessibility. With some minor improvements, this property can be transformed into a highly profitable venture. Don't miss this chance to own a piece of Bay City's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.