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Financial
Distress signals
Property profile

102 Madison Ave Bay City, MI 48708

OFF-MARKET
Drive through restaurants
Property ID
US43-1051480
1,208 SF 0.47 ac lot Built 1997
Last sale Jun 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a Checkers & Rally's fast-food restaurant in Bay City, Michigan. The property, located at 102 S Madison Ave, boasts a prime location on a hard-corner, well-lit intersection within a thriving retail corridor. The 1,208 square-foot building sits on a 0.47-acre lot and is currently operating at 100% occupancy under a 15-year absolute NNN lease with a highly successful franchisee. The lease features four, five-year…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value · 2024$123k
Effective rate14.39%

Value estimate

· Oct 2026
$160k
$144k – $176k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$87/SF
County average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$31 – $131

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: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop12.6
Garden Center10.9
Auto Parts Store10.5

Location

102 Madison Ave Bay City, MI 48708-7245
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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1624 Broadway, Bay City, MI 48708-8539 $26,000 Dec 2025 1,904 SF
1213 Kosciuszko, Bay City, MI 48708-7903 $35,000 Mar 2025 1,200 SF
1700 Woodside, Bay City, MI 48708-5481 $115,000 Dec 2024 1,595 SF
2656 Broadway, Bay City, MI 48708-8402 $25,000 Jun 2024 1,876 SF
800 Michigan, Bay City, MI 48708-7979 $59,100 May 2024 1,954 SF
1501 Park, Bay City, MI 48708-5532 $45,000 Aug 2023 1,820 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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