701 Center Avenue, Bay City, MI 48708 - MLS#65025008744

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Annette HIbbler

ahibblerrealestate@gmail.com +1(810) 255-8135

$875,000

Est. payment - /mo

7,368 SqFt

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UPDATED:

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

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1876

Annual Tax Amount $12,930

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 105x100

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

Direction NE corner of Center and Monroe

Interior

Heating Baseboard, Forced Air

Heat Source Natural Gas

Exterior

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick,Block,Other

Schools

School District Bay City

Others

Tax ID 0916002145400300

Ownership Private Owned

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Unknown/Data Share Listings

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Listed by Drew Denham of Keller Williams GR North

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