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Financial
Distress signals
Property profile

412 Washington Ave Bay City, MI 48708

FOR LEASE
Retail space
Property ID
US43-1228058
2,463 SF 0.12 ac lot Built 1956
Last sale Apr 2020 · $180,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 412 Washington Avenue in Bay City is a 2,463-square-foot retail building constructed in 1956, featuring a basement, a flat roof, security lighting, forced-air heating, and central air conditioning. The interior includes exposed 12-foot ceilings, and the building has updated HVAC equipment. Off-street parking is provided, including a rear parking lot at 415 Adams that totals 0.23 acres (200 feet deep by 50 feet wide). The site is served by public water and is located near City Hall and nearby retail businesses such as Starbucks and Pita Way.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value · 2024$102k
Effective rate14.44%

Value estimate

· Oct 2026
$190k
$171k – $209k
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$4k
Operating expenses−$8k
NOI · 149,474.55% cap applied$18k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$55/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$33 – $81

Cap rate analysis

How does the asset earn?
149,474.55%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

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

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply32.4
Wholesale Shop29.6
Realty agency23.9

Location

412 Washington Ave Bay City, MI 48708
County assessor Recorded deeds · 1 transfer 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1614 Broadway, Bay City, MI 48708-8539 $30,000 Feb 2026 2,054 SF
1624 Broadway, Bay City, MI 48708-8539 $26,000 Dec 2025 1,904 SF
1023 Johnson, Bay City, MI 48708-6251 $150,000 Jul 2025 2,260 SF
900 Cass, Bay City, MI 48708-8524 $733,632 Dec 2024 2,640 SF
1504 Cass, Bay City, MI 48708-8741 $110,000 Aug 2024 1,980 SF
1102 Columbus, Bay City, MI 48708-6644 $78,900 Aug 2023 2,520 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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