808 Euclid Ave Bay City, MI 48706

Property Details for 808 Euclid Ave

Year built

1950

Lot size

0.70 lot acres

Property size

10,000 SF

Property type

Medical offices

Property subtype

Banks

APN

010-017-300-425-00

Description

This exceptional mixed-use property at 808 N Euclid Ave, Bay City, MI 48706, presents a compelling value-add investment opportunity. The 10,000 square foot building, constructed in 1950 and renovated in 2018, sits on a 0.7-acre lot and boasts a desirable Class A designation. Currently operating at 50% occupancy with three tenants, the property offers significant upside potential. The building features a mix of retail, office, and residential spaces, including six units in total. The ground floor comprises four 20' x 40' retail suites on Euclid Ave, while the second floor houses four business offices and two residential units of varying sizes. One suite is currently leased for $2,100 per month plus utilities and is suitable for a medical clinic or business office, featuring an x-ray machine and two lead-lined rooms. The property includes 30 parking spaces and benefits from a high daily traffic count of 80,000 vehicles, situated just one mile from I-75 and US-10. The asking price is $450,000, representing a compelling $45 per square foot and an 8% cap rate, with a projected NOI of $50,000. The property is zoned commercial and offers 100 square feet of air rights. Lease commencement for current tenants is October 4, 2024, under a modified lease agreement. This fee-simple ownership opportunity is ideal for investors seeking strong returns in a prime Bay County location. The building features a 10-foot ceiling height. The APN is 010-017-300-425-00.

Location Insight

City

Bay City

County

Bay

State

Michigan

Longitude

-83.9143139

Latitude

43.6106519