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Property profile & analytics

1123 N Sherman St Bay City, MI 48708

  • Commercial real estate
  • 0.81 lot acres
For Sale
Last Sale
Dec 21, 2022
$70,005
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-5214665
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.

Current Use by Public Records

  • Commercial real estate

Property Details for 1123 N Sherman St

Lot size
0.81 lot acres
Property type
Commercial real estate
APN
160-021-427-005-00
APU
16002142700500

Description

This exceptional 19,500-square-foot mixed-use property, located at 1123 North Sherman Street in Bay City, Michigan, presents a unique redevelopment opportunity. Situated on a 0.82-acre lot at the intersection of N. Sherman and 3rd Street, this single-tenant building was constructed in 1958 and is currently vacant. The property boasts a prime location, offering convenient access to major thoroughfares like M-25 and I-75, ensuring excellent visibility and accessibility. Its proximity to downtown Bay City and the General Motors plant provides significant advantages for future tenants and businesses. The building overlooks Maplewood Park, adding to its appeal and providing a pleasant environment. Currently zoned R-2 for single and two-family use, this versatile property offers considerable potential for a variety of mixed-use developments, catering to diverse business needs. The entire 19,500 square feet is available for immediate occupancy, allowing for a seamless transition for the new owner or tenant. This is a rare chance to acquire a substantial property in a thriving Michigan community with strong potential for significant return on investment. The property's size and location make it an ideal candidate for adaptive reuse, offering a blank canvas for creative and innovative development plans. Serious inquiries are encouraged.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Bay City
County
Bay
State
Michigan
Longitude
-83.8777
Latitude
43.6005
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
$8,340
$0.00
$0.00
$90,050
-
$0.00
$0.00
$180,100
More about this property
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