Class A Office Building–Former Bank

Retail-Commercial for Sale
Catylist Listing ID: 29803434
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Other
Building Size (RSF): 1,538 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $170,000
Unit Price: $110.53 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Former Independent Bank
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2016

Overview / Comments

Great corner location for easy access and exposure at signal light just east of the Lafayette Street bridge. Monument sign on site at the corner. Plenty of on site parking with access from Lafayette and Broadway for customer convenience. Open floor plan with teller counter, two offices, break room, two restrooms and a camera system. Good natural light from north and south windows. Corner businesses include Rite Aid, Gilroys Hardware and eatery. Any sale is subject to a use restriction as a financial institution.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $6,121 (Annual)
Tax Value Land $91,969
Assessed Value - Total($) $116,700 (Annual)
Finance Data Year 2014
Real Estate Taxes - Annual($) $6,024 (Annual)
Tax Value Land $91,694
Assessed Value - Total($) $118,550 (Annual)

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: Bay City
Tax ID/APN: 160-033-108-003-00
Zoning: C-2-A
Market Type: Medium
Retail Clientele: General, Family, Business, Tourist
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Lafayette
Feet of Frontage: 200
Highway Access: M-13, I-75, US-10, M-25, M-15
Typical SF / Floor: 1,538 SF
Property Condition: Excellent
Year Built: 1980
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Please see pictures.
Zoning Description: C-2-A General Business District
Lot Frontage: 200
Lot Depth: 150
Land Ownership: Owned
Legal Description: LOTS 9 THRU 12 BLK 112 DAGLISH DIV OF PORTSMOUTH (COMB W/-008 for 2009).


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,839 52,152 72,281
Median Age: 35.93 39.34 40.88
Households: 6,078 21,869 30,435

Contact

Photograph of Listing Agent

Sandra J. Covaleski, CCIM

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