Downtown Bay City Office

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 29982743
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.13 Acres
Sale Price: $295,000
Unit Price: $29.50 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2016

Overview / Comments

Retail, office or service use with 5,000 SF of finished ground level space and 5,000 SF of unfinished second floor space suitable for residential development–condos or lofts. Great location and easy walking distance to post office, county building, courts, area restaurants/shops, bus depot, etc. Historic building with updated and highly efficient HVAC system, exposed brick and perimeter windows on the south side for plenty of natural light. Two back entrances for deliveries as well. The former Bay City Times building one block to the south is under construction for the Times Lofts on ground and upper floors. Convenient location in a developing downtown.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $4,324 (Annual)
Tax Value Land $62,100
Assessed Value - Total($) $62,100 (Annual)

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: City of Bay City
Tax ID/APN: 160-021-403-003-00
Zoning: C-3
Property Located Between: Third and Fourth
Property Visibility: Good
Highway Access: I-75, US-10, M-25, M-15
Airports: MBS International
Area Description: Adjacent to the Pere Marquette Depot and visitors center and across from the post office.
Number of Stories: 2
Typical SF / Floor: 5,000 SF
Year Built: 1930
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Street and permit parking on adjacent and downtown lots.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C-3 Central Business
Lot Frontage: 50
Lot Depth: 110
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: LOT 9 BLK 35 LOWER SAGINAW & W 1/2 VAC ALLEY ADJ THRT


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,463 60,872 73,063
Median Age: 34.3 40.17 40.95
Households: 5,660 25,608 30,784

Contact

Photograph of Listing Agent

Sandra J. Covaleski, CCIM

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