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Property profile & analytics
OFF-MARKET
Commercial real estate

1001 Garfield Ave Bay City, MI 48708

0.13 ac lot Built 1900
Property ID
US43-0736439
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Lot 0.13 ac (5,663 SF)
UPID US43-0736439
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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