Property profile

821 Washington Ave Bay City, MI 48708

OFF-MARKET
Retail space
Property ID
US43-5062984
5,600 SF 0.13 ac lot Built 1900
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 821 Washington Ave in Bay City, Michigan, presents a unique investment opportunity. The building, situated in the vibrant downtown/riverfront area, offers a spacious 5,600 square feet on the main level and an additional 5,600 square feet in the lower level, totaling 11,200 square feet. Completely renovated in 2020, the property is currently vacant and ready for immediate occupancy. The layout includes a sizable lobby/check-in area suitable for small events or retail use. Its B3 zoning permits a variety of uses, including but not limited to a bar, restaurant, or storefront. The property's prime location near numerous restaurants and shops, coupled with the area's thriving event scene attracting thousands annually, ensures high visibility and foot traffic. This location is also eligible for a micro-business designation. The flexible space is ideal for a variety of retail or office uses, making it an adaptable asset for a discerning investor. The asking price is $425,000. The property consists of one single-story building in Bay County, MI, zip code 48708.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 5,600 SF
Lot 0.13 ac (5,663 SF)
Zoning code C-3 CTRL BUS
APN 160-021-339-010-00
UPID US43-5062984

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

821 Washington Ave Bay City, MI 48708-5701
Bay City metro Census 286500 BAY CITY, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k

Owner & transaction history

since 2025
Last sale
$130,000
5 recorded transactions
2025
$130,000
2021
$450,000
2018
$240,000
2009
$150,000
2007
$225,000

Zoning & alternative use

C-3 CTRL BUS · Bay City, MI

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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