3788 Huron RdBay City, MI 48706

  • Warehouses
  • 6,220 SF
For Sale
$975,000 View listing

Property Details for 3788 Huron Rd

Year built
1952
Lot size
7.14 AC
Property size (Sq ft)
6,220 SF
Zone code
C-2
Property type
Warehouses
APN
010-007-200-245-00
APU
1000720024500

Description

This exceptional 8,000-square-foot industrial property in Bay City, Michigan, presents a unique investment opportunity. Situated on an expansive 8-acre lot with 700 feet of road frontage on M-13, just off Euclid Avenue, this Class A property boasts two buildings, including an 8,000-square-foot block and steel structure, perfectly suited for manufacturing or warehousing. Built in 1965 and extensively renovated in 2023, the main building features a 20-foot ceiling height, one loading dock with one dock-high door, and multiple heavy-lifting hoists, ideal for cement casting operations. The property also includes a charming 2,000-square-foot, three-bedroom, two-bathroom ranch-style home built in 2000, complete with a large yard and several outbuildings. Ample parking is available with 40 spaces. The property is zoned for industrial use and is offered as a fee-simple ownership with a ground lease expiring July 25, 2025. The asking price is $975,000, or $487,500 per unit. The property is currently vacant, with a potential lease commencement date of August 7, 2024, and a lease expiration date of March 15, 2027. The property's APN is 010-007-200-245-00, 010-007-200-250-00. The property is divisible, allowing for the purchase of individual lots. This is a rare opportunity to acquire a versatile industrial property with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,218,774
    Hospitality
    $1,116,390
    Educational
    $928,824
    Medical
    $960,767
    Retail
    $1,444,837

Location Insight

City
Bay City
County
Bay
State
Michigan
Latitude
43.6318
Longitude
-83.9177
CBSA code
13020
CBSA name
BAY CITY, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,140
-
-
$122,650
-
-
-
$245,300

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