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    OFF-MARKET Estimated value $730,000
    Drug stores

    1601 Woodside Ave, Bay City, MI 48708-5498

    9,026 SF 1.53 ac lot Built 2004
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US43-4249680
    Property summary
    AI-generated overview

    This exceptional 900-square-foot commercial building presents a fantastic opportunity for a variety of businesses. Ideally situated in the heart of Essexville, MI, this property enjoys a prime location amongst other thriving independent businesses, ensuring high visibility and foot traffic. Recently updated, the building boasts a new furnace, hot water tank, fresh paint, and modern light fixtures, minimizing upfront maintenance costs for the new owner. Previously utilized as a Reiki retreat and a hair studio, its versatile layout offers ample potential for diverse commercial uses. The building features central air conditioning for year-round comfort and convenient access from both the front and back, enhancing operational efficiency. A paved parking lot at the rear of the building provides ample space for customers and employees. The sale excludes any existing contents. This 0.09-acre lot offers a compact yet functional space, perfect for a small business looking to establish a strong presence in a vibrant community. Don't miss this chance to acquire a well-maintained, ready-to-occupy commercial property in a desirable location. Act quickly to secure this promising investment.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 2004
    Total area 9,026 SF
    Lot 1.53 ac (66,647 SF)
    Zoning code M-1 LT IND
    APN 160-022-155-008-00
    UPID US43-4249680
    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
    Current use
    Occupant on record · Public records
    • Dollar General Discount Store
    • Western Union Bank Credit Union
    • La Bonita Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $729k
    Blend (final) Blend
    $730k
    Owner & transaction history
    PERRY, JOHN & ALINE WOODWARD TRUST
    PERRY, JOHN & ALINE WOODWARD TRUST
    Zoning & alternative use
    M-1 LT IND · Bay City, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $785,000 +56.8%
    Office building $620,000 +23.6%
    Auto repair, garage $545,000 +8.5%
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