Property profile

510 Euclid Ave Bay City, MI 48706

OFF-MARKET
Medical Office Space
Property ID
US43-5172105
1,282 SF 0.21 ac lot Built 1937
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A commercial property at 510 S Euclid Ave, Bay City, MI 48706, offers 2,500 square feet of office space in a three-story building constructed in 1950 and renovated in 2020. The property boasts 15 parking spaces and sits on a sizable lot ranging from 9,350 to 28,050 square feet, with a land value ranging from $76 to $150 per square foot. Currently leased for a net income of $900 per month, this owner-user investment opportunity is zoned for commercial use and features five private offices on the ground floor, a waiting room, additional office space on the lower and second levels, and a lunchroom. Utilities including electricity, gas, water, telephone, and cable are readily available. The building's strategic location offers easy access from three sides, with high visibility and traffic counts (120,000 cars daily) due to its proximity to I-75, US-10, M-25, and M-13. The property's layout is suitable for various uses, including a drive-through bank or pharmacy. An adjacent vacant lot is also available for expansion. The asking price is $375,000. APN: 010-W15-002-001-00.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1937
Total area 1,282 SF
Lot 0.21 ac (9,148 SF)
Zoning code O-1
APN 010-W15-002-001-00
UPID US43-5172105

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
  • Barber Shop

Location

510 Euclid Ave Bay City, MI 48706-3208
Bay City metro Census 285800 BAY CITY, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$155k

Owner & transaction history

since 2005
1 recorded transaction
2005
$125,000

Zoning & alternative use

O-1 · Bay City, MI
Zoning description

M DENSITY MULTIPLE-FAMILY RESIDENTIAL DISTRICT, RM-2, HIGH RISE MULTIPLE-FAMILY RESIDENTIAL DISTRICT Expand ARTICLE VI. - RMH, MOBILE HOME PARK DISTRICT ARTICLE VI. - RMH, MOBILE HOME PARK DISTRICT Expand ARTICLE VII. -…

General category COMMERCIAL

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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