Euclid Avenue Office Complex

Office for Sale
Catylist Listing ID: 29967568
Property Subtypes: Office Building
Building Size (RSF): 19,643 SF
Gross Building Area: 25,720 SF
Gross Land Area: 2.28 Acres
Sale Price: $259,000
Unit Price: $13.19 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Heathtrak
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/21/2018

Overview / Comments

Current occupancy is 8% on the first floor and 24% on the lower level. This is comprised of two tenants allowing for additional tenants and/or owner/user. Originally built as a racquetball court in 1979, a floor was added for first floor office space in 1994 keeping the health club on the lower level until ceasing in 2006. There is a 50' easement on Euclid Avenue for access to the building, which is located approximately 270' from the road. A monument sign exists at the entrance on Euclid Avenue. Reduced from $389,000.


Finance Data Year 2016
Real Estate Taxes - Annual($) $6,431 (Annual)
Tax Value Land $128,050
Assessed Value - Total($) $128,050 (Annual)

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: Bangor Township
Tax ID/APN: 010-018-400-090-01
Property Visibility: Fair
Highway Access: I-75, US-10
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 12,860 SF
Year Built: 1979
Year Renovated: 1994
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 94
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C-2 General Business District
Lot Frontage: 355
Lot Depth: 280
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: 50' x 245'
Land Ownership: Owned
Legal Description: COM 1234.26 FT N OF SE COR OF SEC TH W 305 FT TO POB TH W 355 FT TH S 280 FT TH E 355 FT TH N 280 FT TO BEG SEC 18 T14N R5E

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,676 54,419 74,679
Median Age: 39.91 40.23 41.11
Households: 3,744 22,837 31,421


Photograph of Listing Agent

Sandra J. Covaleski, CCIM

© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.