Property profile

115 1st St Bay City, MI 48708

OFF-MARKET
Office buildings
Property ID
US43-1586353
7,897 SF 1.68 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Location

115 1st St Bay City, MI 48708-5601
Bay City metro Census 286500 BAY CITY, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.36M

Owner & transaction history

since 2025
Last sale
$6.3M
3 recorded transactions
2025
$6.3M
2015
$5.4M
1969
Price N/A

Zoning & alternative use

C-3 CTRL BUS · Bay City, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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