508 Euclid Ave Bay City, MI 48706

Property Details for 508 Euclid Ave

Lot size

0.42 lot acres

Zone code

O-1

Property type

Commercial land

APN

010-W15-002-002-00

APU

010W1500200200

Description

This exceptional mixed-use property, located at 508 S Euclid Ave in Bay City, Michigan, presents a unique investment opportunity. The 18,500-square-foot building, constructed in 1950 and extensively renovated in 2020, boasts a Class A rating and is currently 100% occupied. The property features a versatile layout suitable for a bank, quick-service restaurant, or full-service restaurant, offering significant income potential. Situated on a 28,700-square-foot lot, the property benefits from high visibility and accessibility, with 50 parking spaces available. The asking price is $175,000, translating to $9.46 per square foot. The property is zoned for commercial use and offers 100 square feet of air rights. Its prime location at the entrance to I-75, US-10, and M-25 ensures high traffic volume, exceeding 100,000 cars daily in the vicinity. The fee-simple ownership provides complete control and flexibility. The property's strong tenancy, with an occupancy date extending to October 15, 2024, makes it an attractive investment for owner-users. The land value alone ranges from $63 to $125 per square foot. An adjacent office space, leasing for $13,200 annually, is also available for purchase, increasing the overall investment potential. Additional parcels to the north are also available for acquisition. This property offers a rare opportunity to own a thriving commercial space in a high-demand location. The 9-foot ceilings provide ample space and functionality.