301 E Midland St
Bay City, MI 48706
Midland Street Mixed-Use Redevelopment · Retail Property For Sale

This offering presents a rare mixed-use value-add opportunity in Bay City’s established Midland Street District, one of the region’s most active entertainment corridors. The two-story, 15,000 square foot historic commercial building features five street-level retail storefronts and an upper level with significant redevelopment potential.
Currently two retail tenants occupies the building at $850 per month plus utilities, while four storefronts remain available for lease-up, allowing an investor to quickly establish retail income while planning upper-level improvements. Each storefront is separately metered for water, heat, and electricity and includes private basement space with upgraded plumbing and drainage systems.
The second floor represents the primary value-add opportunity. The space is currently configured for 12 apartment units ready for renovation, or alternatively could be converted into four luxury condominium units per engineered plans. Renovation costs are estimated around $500,000, with projected resale values between $300,000 and $350,000 per condo unit.
The property is located just blocks from the Bay County Riverwalk and marina, benefiting from strong pedestrian activity generated by nearby restaurants, breweries, and nightlife venues along Midland Street. This location supports a compelling live-work-play redevelopment story with strong long-term income potential.