703 Midland StBay City, MI 48708

  • Commercial real estate
  • 7,802 SF
For Sale
$349,000 View listing

Property Details for 703 Midland St

Year built
1882
Lot size
0.18 AC
Property size (Sq ft)
7,802 SF
Zone code
C-3 CTRL BUS
Property type
Commercial real estate
APN
160-020-291-004-00
APU
16002029100400

Description

This unique investment opportunity in Bay City, Michigan's Midland Street Historic District presents a remarkable blend of commercial and residential spaces. Located at 703 E Midland Street, this property features two versatile storefronts ideal for retail, dining, or office use. The high visibility and moderate street traffic ensure excellent potential for business growth. Adding to the investment appeal are two residential rental apartments situated above the commercial spaces, providing a consistent income stream. These units offer tenants the charm and convenience of living within a historic district. The building retains classic architectural details and period features, reflecting the rich cultural heritage of the area. Its prime location offers easy access to local amenities, shops, restaurants, and entertainment, attracting both residents and visitors. This property is a compelling option for investors seeking a solid return, business owners searching for a new location, or developers looking for a unique project. The combination of commercial and residential components creates a diverse and reliable asset in a thriving historic district. The property is situated in Bay County, Michigan, zip code 48708. This is a chance to own a piece of Bay City's history.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,528,758
    Hospitality
    $1,400,334
    Educational
    $1,165,061
    Medical
    $1,205,130
    Retail
    $1,812,318

Location Insight

City
Bay City
County
Bay
State
Michigan
Latitude
43.6022
Longitude
-83.899
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
$7,360
-
-
$79,100
-
-
-
$158,200

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