Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    703 E Midland St Bay City, MI 48708

    • Commercial real estate
    • 7,802 SF
    • 0.18 lot acres
    For Sale
    View listing
    $299,900
    Last Sale
    Feb 07, 2022
    $80,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1649255
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • So You! ~ A Bay City Boutique / Clothing Store / Women'S Clothing Store

    Property Details for 703 E Midland St

    Year built
    1882
    Lot size
    0.18 lot acres
    Property size
    7,802 SF
    Zone code
    C-3 CTRL BUS
    Property type
    Commercial real estate
    APN
    160-020-291-004-00
    APU
    16002029100400

    Description

    This unique investment opportunity in Bay City, Michigan's Midland Street Historic District presents a remarkable blend of commercial and residential spaces. Located at 703 E Midland Street, this property features two versatile storefronts ideal for retail, dining, or office use. The high visibility and moderate street traffic ensure excellent potential for business growth. Adding to the investment appeal are two residential rental apartments situated above the commercial spaces, providing a consistent income stream. These units offer tenants the charm and convenience of living within a historic district. The building retains classic architectural details and period features, reflecting the rich cultural heritage of the area. Its prime location offers easy access to local amenities, shops, restaurants, and entertainment, attracting both residents and visitors. This property is a compelling option for investors seeking a solid return, business owners searching for a new location, or developers looking for a unique project. The combination of commercial and residential components creates a diverse and reliable asset in a thriving historic district. The property is situated in Bay County, Michigan, zip code 48708. This is a chance to own a piece of Bay City's history.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.899
    Latitude
    43.6022
    CBSA code
    13020
    CBSA name
    BAY CITY, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,360
    $0.00
    $0.00
    $79,100
    -
    $0.00
    $0.00
    $158,200

    Comparable in this City

    • Value Estimation by Request
      3.56 Acres

      3325 Sunset Ave

      COMMERCIAL (GENERAL) • 3.56 Acres
      3325 Sunset Ave, Bay City, MI 48706
      View Details
    • Value Estimation by Request
      13.30 Acres

      6700 Westside Saginaw Rd

      COMMERCIAL (GENERAL) • 13.30 Acres
      6700 Westside Saginaw Rd, Bay City, MI 48706-9325
      View Details
    • Value Estimation by Request

      3729 Wilder Rd

      COMMERCIAL (GENERAL)
      3729 Wilder Rd, Bay City, MI 48706-2366
      View Details
    • Value Estimation by Request
      3.00 Acres

      2854 Wilder Rd

      COMMERCIAL (GENERAL) • 3.00 Acres
      2854 Wilder Rd, Bay City, MI 48706-9213
      View Details
    • Value Estimation by Request
      2.59 Acres

      1020 Euclid Ave

      COMMERCIAL (GENERAL) • 2.59 Acres
      1020 Euclid Ave, Bay City, MI 48706-2405
      View Details
    • Value Estimation by Request
      0.33 Acres

      901 Euclid Ave

      COMMERCIAL (GENERAL) • 0.33 Acres
      901 Euclid Ave, Bay City, MI 48706-3306
      View Details

    Similar Nearby for Sale

    • $849,000
      10,021 SF

      Bay City Executive Office Space

      10,021 SF Office, $849,000
      6006 Westside Saginaw Rd, Bay City, MI 48706
      View Details
    • $275,000
      0.72 Acres

      Bay City Office Building Investment

      Prime Bay City Office, 2,700 SF, 100% Occupied
      900 Midland St, Bay City, MI 48706
      View Details
    • $150,000

      Bay City Industrial Land - $150K

      2.25-acre I-1 zoned lot, prime location.
      0 Straits Dr, Bay City, MI 48706
      View Details
    • $1,495,000
      29.32 Acres

      I-75 Frontage Development Land

      29 Acres, Bay City, MI - $1.495M
      6292 Westside Saginaw Rd, Bay City, MI 48706
      View Details
    • $1,200,000
      10.50 Acres

      Bay City Commercial Land - 10.5 Acres

      Prime Bay City development opportunity. Highway business zoning.
      1709 Euclid Ave, Bay City, MI 48706
      View Details
    • $375,000
      2,500 SF

      Prime Bay City Office Building

      Executive Office, High NOI, Excellent Location
      510 Euclid Ave, Bay City, MI 48706
      View Details

    Similar Nearby for Lease

    • $12,480 /Mo
      900 SF

      Bay City Office Space - 900 SF

      Versatile Bay City office space available for lease.
      6004 Westside Saginaw Rd, Bay City, MI 48706
      View Details
    • $259 SF/Yr
      4,000 SF

      Prime Bay City CBD Site

      1.2 Acres, 4,000 SF Office/Retail
      3480 North Union Rd, Bay City, MI 48706
      View Details
    • $8 SF/Yr
      4,320 SF

      New Flex Space Available

      4,320 SF flex space near I-75 and US-13/23.
      3921 Traxler Ct, Bay City, MI 48706
      View Details
    • $2,950 /Mo
      3,300 SF

      Versatile Flex Space Available

      3,300 SF flex space suitable for various business uses.
      3730 Wilder Rd, Bay City, MI 48706
      View Details
    • $14 SF/Yr
      2,200 SF

      Wilder Road Plaza Retail Space

      Prime Bay County retail space, multiple suites available.
      4100 Wilder Rd, Bay City, MI 48706
      View Details
    • $12 SF/Yr

      Bay Professional Building

      Single or Multi-Room Suites Available in Bay City
      200 Wenona St, Bay City, MI 48706
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    703 E Midland St
    Bay City, MI 48708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.