701 Center Avenue Active Save Request In-Person Tour Request Virtual Tour
Bay City,MI 48708
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Square Footage 7,368 sqft
Price per Sqft $118
MLS Listing ID 65025008744
Year Built 1876
Annual Tax Amount $12,930
Lot Size 0.330 Acres
Property Sub-Type Business Opportunity
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, 8 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.
Location
State MI
County Bay
Area Bay City
Interior
Heating Baseboard,Forced Air
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Block,Other
Schools
School District Bay City
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Unknown/Data Share Listings