1123 Sherman StBay City, MI 48708

Property Details for 1123 Sherman St

Lot size

0.81 AC

Property type

Commercial real estate

APN

160-021-427-005-00

APU

16002142700500

Description

This exceptional 19,500-square-foot mixed-use property, located at 1123 North Sherman Street in Bay City, Michigan, presents a unique redevelopment opportunity. Situated on a 0.82-acre lot at the intersection of N. Sherman and 3rd Street, this single-tenant building was constructed in 1958 and is currently vacant. The property boasts a prime location, offering convenient access to major thoroughfares like M-25 and I-75, ensuring excellent visibility and accessibility. Its proximity to downtown Bay City and the General Motors plant provides significant advantages for future tenants and businesses. The building overlooks Maplewood Park, adding to its appeal and providing a pleasant environment. Currently zoned R-2 for single and two-family use, this versatile property offers considerable potential for a variety of mixed-use developments, catering to diverse business needs. The entire 19,500 square feet is available for immediate occupancy, allowing for a seamless transition for the new owner or tenant. This is a rare chance to acquire a substantial property in a thriving Michigan community with strong potential for significant return on investment. The property's size and location make it an ideal candidate for adaptive reuse, offering a blank canvas for creative and innovative development plans. Serious inquiries are encouraged.

• Alternative Use

  Use

  Valuation

  Residential

  $6,913,700

  Hospitality

  $6,332,912

  Educational

  $5,268,909

  Medical

  $5,450,114

  Retail

  $8,196,080

Location Insight

City

Bay City

County

Bay

State

Michigan

Latitude

43.6005

Longitude

-83.8777

CBSA code

13020

CBSA name

BAY CITY, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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