53
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$875,000
Est. payment /mo
7,428 SqFt
Active
701 Center Ave Avenue Bay City, MI 48708
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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, 9 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
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Listed by Keller Williams Grand Rapids North