821 Washington Ave, Bay City, MI 48708-5701
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3 CTRL BUS · Bay City, MIBay City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.