808 Euclid AveBay City, MI 48706

This exceptional mixed-use property at 808 N Euclid Ave, Bay City, MI 48706, presents a compelling value-add investment opportunity. The 10,000 square foot building, constructed in 1950 and renovated in 2018, sits on a 0.7-acre lot and boasts a desirable Class A designation. Currently operating at 50% occupancy with three tenants, the property offers significant upside potential. The building features a mix of retail, office, and residential spaces, including six units in total. The ground floor comprises four 20' x 40' retail suites on Euclid Ave, while the second floor houses four business offices and two residential units of varying sizes. One suite is currently leased for $2,100 per month plus utilities and is suitable for a medical clinic or business office, featuring an x-ray machine and two lead-lined rooms. The property includes 30 parking spaces and benefits from a high daily traffic count of 80,000 vehicles, situated just one mile from I-75 and US-10. The asking price is $450,000, representing a compelling $45 per square foot and an 8% cap rate, with a projected NOI of $50,000. The property is zoned commercial and offers 100 square feet of air rights. Lease commencement for current tenants is October 4, 2024, under a modified lease agreement. This fee-simple ownership opportunity is ideal for investors seeking strong returns in a prime Bay County location. The building features a 10-foot ceiling height. The APN is 010-017-300-425-00.