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    OFF-MARKET
    Retail space

    821 Washington Ave, Bay City, MI 48708-5701

    5,600 SF 0.13 ac lot Built 1900
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-5062984
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Bay Cnty Convention & Visitors Bure · 1 yrs held
    Bay Cnty Convention & Visitors Bure
    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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