MI > Bay City > Mi
Bay City, MI 48708,701 Center Ave Avenue
Bay City, MI 48708,701 Center Ave Avenue
Bay City, MI 48708,701 Center Ave Avenue
Bay City, MI 48708,701 Center Ave Avenue
Bay City, MI 48708,701 Center Ave Avenue
Bay City, MI 48708,701 Center Ave Avenue
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David Godin

David Godin

+1(586) 416-0600
$ 875,000
Est. payment | /mo

7,428 SqFt

Save
$ 875,000
Est. payment | /mo
Save

7,428 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 7,428 sqft

Price per Sqft $117

Subdivision Mi

MLS Listing ID 50168251

Year Built 1876

Annual Tax Amount $12,930

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 14505

Property Sub-Type Commercial/Industrial

Property Description

Welcome to 701 Center Ave, a beautifully restored Second Empire home built in 1876 by James and Margaret Shearer. This historic gem features 16 units—5 one-bedrooms, 1 two-bedroom, and 10 studios—blending timeless elegance with modern upgrades. Inside, you'll find preserved architectural details including a grand staircase, ornate plasterwork, and fireplaces, along with recent improvements such as a new roof, refinished windows, new gutters, off-street parking, on-site laundry, and efficient boiler heat (with gas, water, and sewer covered by the owner). Currently, 8 units are operating as Airbnbs with high upside, while the remaining units are leased to long-term tenants, offering steady income and room for future growth. Located just steps from downtown Bay City, the property offers walkable access to dining, shopping, and entertainment. This is a rare opportunity to own a historically significant property with strong potential in a prime location.

Location

State MI

County Bay

Area Bay City (09016)

Zoning Commercial

Interior

Heating Boiler, Radiator

Cooling Ceiling Fan(s), Window Unit(s)

Exterior

Parking Features 11-20 Spaces, On Site, Parking Lot

Roof Type Composite

Building

Foundation Basement

Water Public Water

Structure Type Brick

Others

Ownership LLC

SqFt Source Estimated

Energy Description Natural Gas

Financing Cash,Commercial Loan

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Grand Rapids North
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Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

42094 Garfield Rd, Clinton Twp, MI, 48038, USA

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701 Center Ave Avenue