Property profile

3898 State St Rd Bay City, MI 48706

OFF-MARKET
Turn key restaurants
Property ID
US43-1567153
4,856 SF 1.51 ac lot Built 1999
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,856 square foot restaurant located at 3898 State Street Road in Bay City, Michigan, presents a unique redevelopment opportunity for owner-users. Situated on a 1.51-acre lot, this single-story building, constructed in 1999 and renovated in 2013, offers significant potential. The property boasts a prime location near heavy retail activity, ensuring high visibility and foot traffic. A key advantage is the existing liquor license, a valuable asset for any restaurant operation. Furthermore, the property has already received approval for a drive-thru, adding significant convenience and potential for increased revenue streams. Ample space for outdoor seating is also available, enhancing the dining experience and expanding capacity. The asking price for this turnkey restaurant is $1,250,000. This is an ideal investment for an experienced restaurateur seeking to establish or expand their business in a thriving Bay City market. The property's existing infrastructure and approved improvements significantly reduce the time and cost associated with starting a new restaurant. Don't miss this chance to acquire a well-positioned, established restaurant with significant upside potential. The property is zoned for restaurant use and is located in Bay County, Michigan, zip code 48706.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Total area 4,856 SF
Lot 1.51 ac (65,776 SF)
Zoning code C-2
APN 010-008-400-070-00
UPID US43-1567153

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

3898 State St Rd Bay City, MI 48706-2111
Bay City metro Census 285900 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
$634k
Blend (final) Blend
$335k

Owner & transaction history

since 2025
6 recorded transactions
2025
$885,000
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · 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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