Financial
Distress signals
Property profile

510 Midland St Bay City, MI 48706

OFF-MARKET
Commercial real estate
Property ID
US43-1584964
12,000 SF 0.22 ac lot Built 1880
Last sale Sep 2016 · $258,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Bay City, MI retail property, formerly known as the Wine Warehouse and currently operating as Coven, presents a unique investment opportunity. Located at 510 E Midland St, 48706, this 12,000 square foot, two-story building boasts a beautifully renovated interior and exterior, completed in 2013. The main floor features a stunning bar area equipped with 16 taps and ample seating for 350 patrons. A large, inviting patio extends the entertainment space to the rear of the

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$165k
Effective rate10.34%

Value estimate

· Sep 2026
$315k
$284k – $347k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$32/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$18 – $59
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

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

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop12.6
HVAC Service12.2
Garden Center11.9

Location

510 Midland St Bay City, MI 48706-4769
County assessor Recorded deeds · 4 transfers 14 qualifying comp sales 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
319 Marquette, Bay City, MI 48706-4876 $185,000 Oct 2025 5,120 SF
701 Midland, Bay City, MI 48706-4950 $190,000 May 2025 5,000 SF
102 Ausable State, Bay City, MI 48706-3675 $75,000 May 2025 6,215 SF
301 Williams, Bay City, MI 48706-4681 $150,000 Feb 2025 5,346 SF
1309 Wenona, Bay City, MI 48706-5190 $315,000 Sep 2024 8,596 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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