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Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 875,000

Est. payment -/mo

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Active

701 Center Avenue Bay City, MI 48708

16 Baths

7,368 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 7,368 sqft

Price per Sqft $118

Municipality Bay City

MLS Listing ID 25008744

Full Baths 16

Year Built 1876

Annual Tax Amount $12,930

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 105x100

Property Sub-Type Business

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. 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 County - 5

Direction NE corner of Center and Monroe

Interior

Heating Baseboard, Forced Air

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected

View Y/N No

Street Surface Paved

Total Parking Spaces 17

Building

Foundation Stone

Structure Type Brick

New Construction No

Schools

School District Bay City

Others

Tax ID 09-160-021-454-003-00

Ownership LLC

Acceptable Financing Other, Cash

Listing Terms Other, Cash

Listed by Keller Williams GR North