Property profile

500 N Euclid Ave Bay City, MI 48706

FOR SALE
Turn key restaurants
Property ID
US43-4666369
5,098 SF 1.24 ac lot Built 1978
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 5,163-square-foot freestanding restaurant building is ideally situated at 500 N Euclid Ave, Bay City, MI 48706. Boasting excellent visibility and accessibility, the property offers 360 feet of frontage on North Euclid Avenue, a major thoroughfare with a daily traffic count of 22,363 vehicles. The 1.23-acre lot (approximately 360' x 150') is zoned C-28 Hwy Business, providing flexibility for various commercial uses. The building itself measures approximately 90' x 57' and features a fully built-out restaurant interior, ready for immediate occupancy. This prime location benefits from a dense residential population, with over 10,000 people residing within a one-mile radius, ensuring a strong customer base. Additional traffic data shows Midland St, a nearby road, has a daily traffic count of 12,896 vehicles. This presents a unique opportunity for a restaurant or similar business seeking high visibility and a strong local market. The property is available immediately.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 5,098 SF
Lot 1.24 ac (54,014 SF)
Zoning code C-2B HWY BUS
APN 160-020-101-008-00
UPID US43-4666369

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

500 N Euclid Ave Bay City, MI 48706
Bay City metro Census 286600 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
$666k
Blend (final) Blend
$440k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$900,000
2016
Price N/A
2016
Price N/A
2016
$560,000
2016
Price N/A
1969
Price N/A

Zoning & alternative use

C-2B HWY 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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