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Financial
Distress signals
Property profile

228 Washington Ave Bay City, MI 48708

OFF-MARKET
Office buildings
Property ID
US43-0466489
8,600 SF 0.29 ac lot
Last sale Apr 2018 · $100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of two parcels: 228 Washington, containing an existing building of approximately 8,600 square feet, and 225 Adams Street, an adjacent parking lot to the east. The building was renovated in late 2021 for use as a fitness facility and is arranged with five front garage doors that allow natural light and ventilation when open. The facility is configured for indoor fitness operations; any fitness equipment is a matter of tenant or operator provision rather than being described…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value · 2024$327k
Effective rate9.72%

Value estimate

· Oct 2026
$555k
$500k – $611k
Submarket $/SF estimate$554k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$33 – $90

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-3 CTRL BUS
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop14.4
Pharmacy14.1
Building Supply13.8

Location

228 Washington Ave Bay City, MI 48708-5848
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
612 Adams, Bay City, MI 48708-5832 $220,000 Aug 2025 5,000 SF
901 Saginaw, Bay City, MI 48708-5614 $350,000 Jan 2024 10,648 SF
1009 Washington, Bay City, MI 48708-5705 $375,000 May 2023 6,936 SF
201 6th, Bay City, MI 48708-5630 $180,000 Dec 2022 5,000 SF
1104 Washington, Bay City, MI 48708-5708 $500,000 Jul 2022 8,300 SF
610 Adams, Bay City, MI 48708-5832 $165,000 Nov 2021 7,532 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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