102 Madison Ave Bay City, MI 48708-7245
Property profile & analytics
102 Madison Ave Bay City, MI 48708-7245
- Drive through restaurants
- 1,208 SF
- 0.47 lot acres
Property ID
US43-1051480
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Rally's / Restaurant / Take-out & Catering
Property Details for 102 Madison Ave
- Year built
- 1997
- Lot size
- 0.47 lot acres
- Property size
- 1,208 SF
- Zone code
- C-2A GENL BUS
- Property type
- Drive through restaurants
- APN
- 160-028-256-004-00
- APU
- 16002825600400
Description
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 renewal options with a 10% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $120,000, representing a 6.00% cap rate on the $2,000,000 asking price. Built in 1997, this single-story building benefits from its proximity to major roadways, including I-75, and is surrounded by established businesses such as DoubleTree, Comfort Inn, McDonald's, Starbucks, and Advance Auto Parts, as well as local favorites. The property's strategic location across from the Uptown Bay City Development on the Saginaw River further enhances its visibility and appeal. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The property is zoned commercial and offers a secure investment with a proven track record.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Bay City
- County
- Bay
- State
- Michigan
- Longitude
- -83.8863
- Latitude
- 43.5891
- CBSA code
- 13020
- CBSA name
- BAY CITY, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,635
$0.00
$0.00
$122,550
-
$0.00
$0.00
$245,100
