Property summary
This exceptional 1.63-acre industrial property in Bay City, Michigan, presents a unique investment opportunity. The site features a four-building tank farm complex, totaling 400 square feet of office space, built in 1950 and renovated in 1980. The property includes two 200,000-gallon storage tanks; one is insulated with 4 inches of foam and heated, suitable for asphalt or heavy bunker oil. The site boasts 650 feet of road frontage, gravel-improved driveways, and a tanker truck loading rack with two loading docks. The property is conveniently located adjacent to rail lines, facilitating efficient delivery. A 400 square foot office building includes a boiler for product heating. Significant potential exists for expansion due to the presence of adjacent vacant land. The property is zoned for industrial and commercial use and has a parcel number of 010 007 200 170 00. Parking is available at a rate of 40 spaces per 1,000 square feet. This turnkey operation is offered at $149,000.
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Bay City, MIZoning
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Zoning designation
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