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    OFF-MARKET
    Office buildings

    115 1st St, Bay City, MI 48708-5601

    7,897 SF 1.68 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-1586353
    Property summary
    AI-generated overview

    This exceptional 10,496 square foot Class B office building, situated on a one-acre lot in downtown Bay City, offers flexible lease options perfect for businesses of various sizes. Two spaces are currently available, ranging from 3,500 to 6,996 square feet. The building boasts a desirable location, steps from the river, and features a well-designed layout including several private offices, a spacious meeting/training room, and a large open area ideal for cubicles or collaborative workspaces. Additional amenities include a convenient kitchenette and a shower room. The building is zoned COMMERCIAL-OFFICE and presents a unique opportunity for build-to-suit interior renovations and layout customization to perfectly match a tenant's specific needs. Lease rates are competitive, with the entire 6,996 square foot space available at $15 per square foot NNN plus build-out, or smaller 3,500 square foot spaces available at $17 per square foot NNN plus build-out. This stand-alone professional building provides a prestigious address and a functional workspace in a vibrant downtown setting. The Bay County property (APN: cpixtax) offers a blend of modern convenience and classic charm, making it an ideal location for businesses seeking a high-quality office environment. Contact us for detailed lease rate and term information.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Total area 7,897 SF
    Lot 1.68 ac (73,181 SF)
    Zoning code C-3 CTRL BUS
    APN 160-021-177-002-00
    UPID US43-1586353
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rah Advantage INC · 1 yrs held
    Rah Advantage INC
    since 2025
    Last sale
    $6.3M
    3 recorded transactions
    2025
    $6.3M
    2015
    $5.4M
    1969
    Zoning & alternative use
    C-3 CTRL BUS · Bay City, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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