Property profile

4 Columbus Ave Bay Bay City, MI 48706

FOR LEASE
Medical Office Space
Property ID
US43-4198917
60,200 SF 5.3 ac lot Built 2015
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office space offers a unique opportunity in a thriving Bay County location. The property is a shell space within a multi-tenant outpatient medical building, providing flexibility for build-out to suit your specific needs. Enjoy the convenience of plentiful on-site parking, eliminating the hassle of finding parking for staff and patients. The building boasts beautiful views of the Saginaw River, enhancing the overall atmosphere and appeal. Its strategic location offers easy access to amenities, including the nearby Courtyard Marriott and various local restaurants, making it convenient for both patients and staff. The building currently houses a diverse range of medical services, including orthopedics, a large endoscopy center, an urgent care center, a pain management center, primary care physicians, a laboratory, imaging services, nephrology specialists, and a pharmacy. This established medical environment creates a synergistic and collaborative atmosphere. The proximity to McLaren Bay Region Hospital, just 1.5 miles away, further enhances the property's desirability and accessibility. Convenient access from I-75B ensures easy commutes for patients and staff from across the region. This is an ideal opportunity for medical professionals seeking a well-located, established, and amenity-rich space to expand their practice or establish a new one. The shell space allows for complete customization, ensuring the perfect fit for your specific requirements.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2015
Total area 60,200 SF
Lot 5.3 ac (230,868 SF)
Zoning code C-3 CTRL BUS
APN 160-028-151-016-00
UPID US43-4198917

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
  • Dental Office
  • Medical Clinic
  • Physician
  • Physician
  • Physician Hospital

Location

4 Columbus Ave Bay Bay City, MI 48706
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2016
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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