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Historic Washington & 3rd 1017 Washington Ave 9,814 SF 100% Leased Retail Building Bay City, MI 48708 $490,000 ($49.93/SF)
INVESTMENT HIGHLIGHTS
- Bustling Downtown Neighborhood
- High Traffic and Bussing Routes
- Over 200 Residential Apartments in Close Proximity
EXECUTIVE SUMMARY
This remarkable property offers its new owner much more than just a colorful history! Expertly crafted in the early 1870s, you'll find little surprises leftover from the past around every corner. Throughout its nearly 10,000 square feet are 3 retail/service storefronts, a sharp ground level residence, and 4900 square feet of original charm upstairs where 8 apartments once were. There is plenty of gorgeous Chicago brick throughout the main & upper levels, gracing the property with unreplicable vintage flair. The new floor to ceiling replacement windows along 3rd Street capture the sparkle of the neighboring Star Bridge and all the festivities that happen along the street! There is an incredible basement built of 150+ year old stone & brick, with glimpses into elevations long gone, where one could access these amazing lower levels right from the street! For you history buffs, some past occupants of these grand spaces in the 1800s were: H. Boutyette, dealer in "high-end/fancy groceries"; A. Bence! The Big Red Boot, crafting fine boots & shoes to order; A. Brawn, manufacturer of fine equestrian leather goods; Edward T. French, produce dealer; and many pharmacists, engineers, & attorneys.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,814 SF
Year Built
1870
Price
$490,000
Price Per SF
$49.93
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.89
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C-3 CTRL B - C-3
Frontage
50’ on Washington Ave
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-160-021-332-005-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $67,400 |
PROPERTY TAXES
Parcel Number
09-160-021-332-005-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$67,400
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Historic Washington & 3rd | 1017 Washington Ave
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