Property summary
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
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-3 CTRL BUS · Bay City, MIZoning
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Zoning designation
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- Basic report summary
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- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning