401 Center Ave, Bay City, MI 48708 - $3,400,000

  • Beds: 0
  • Baths:
  • Sq. Feet: 34,692
  • Days on Site: 517
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401 Center Ave, Bay City, MI 48708
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Comments for 401 Center Ave, Bay City, MI 48708

DOWNTOWN RETAIL. Opportunity to own a large retail and office space downtown in a highly visible high traffic location. Main level offers 12,500sf of retail/industrial office space. Lower level is occupied with a co-working space. Second floor offers a large conference room and occupied tenant space. Fully built out commercial kitchen and ample parking. Updated throughout with sprinklers, high-speed internet, generators and updated mechanical systems. Located in Downtown Bay City across from the public library and blocks to the Riverfront.

$3,400,000

Estimated Monthly Payment: $18,258.40 (including taxes & insurance estimates)

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Property Details

City: Bay CityProperty Type: Commercial - Business
Lot Size: 0.38 AcresTaxes: $35,950
Status: ActiveSquare Feet: 34692
Year Built: 1959MLS#: 50039956

Property Features

Property Type: Commercial - BusinessSummer Tax: 28215.85
Ceiling Height: 16-20 Feet, Greater than 20 Ft.Taxes: $35,950
Days on Site: 517Water: Public Water
Lot Size: 0.38 AcresWinter Tax: 7734.34
Sewer: Public SanitaryYear Built: 1959

Listed By

Agency Name: Century 21 Signature Realty Midland
Agency Phone: 989-837-2100

Shown By

Agent Name: Matt Rapanos
Agent Phone: (989) 205-0067
Agency Title: Ayre/Rhinehart REALTORS

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  • Demographics
  • Walk Score

Bay County Demographic Information

Fips
Fips Code26017
Population
2020 to 2021 Changedown 0.8%
2010 Count107,771
2020 Count103,856
2021 Estimate102,985
2010 Estimate107,773
Age Distribution (Years Old)
0 to 45.4%
5 to 1720.0%
18 to 6453.9%
65 and Older20.7%
Gender
Male49.3%
Female50.7%
Place of Birth
Foreign1.2%
US98.8%
Education
High School Graduate, Age 25+90.5%
Bachelor's Degree or Higher, Age 25+19.7%
Computer and Internet use
Households with a computer88.6%
Households with a broadband Internet subscription84.4%
Language
English is Second Language, Age 5+2.1%
English is First Language, Age 5+97.9%
Veterans
Veterans7,347
Income
Per Capita Income$28,331
Median Household Income$48,290
People in Poverty12.7%
Commute
Average Work Commute Time23 minutes
Housing
Total Housing Units48,340
Households44,627
Average Household Size2.29
Owner-Occupied76.1%
Multi-Family13.9%
Owner-Occupied Median Value$106,400
Median selected monthly owner costs -with a mortgage$1,061
Median selected monthly owner costs -without a mortgage$455
Median gross rent$679
Building Permits
New Private Housing Issued 202074
Years at Residence
1 Year or More88.7%
Less Than 1 Year11.3%
Business and Employment
Private non-farm Establishments2,040
Private non-farm Employment29,293
Private non-farm Employment Growthdown 2.6%
Nonemployer Establishments5,702
Number of Firms7,236
Business Production
Value of Shipments$1,149,352,000
Wholesale Trade$0
Retail Trade$1,302,984,000
Retail Sales Per Capita$12,185
Accommodation and Food Services$172,003,000
Land
Land Area442.30 sq. miles
Population Per Square Mile244

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