701 Center Avenue Active Save Request In-Person Tour Request Virtual Tour
Bay City,MI 48708
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 7,368 sqft
Price per Sqft $118
MLS Listing ID 25008744
Full Baths 16
Year Built 1876
Annual Tax Amount $12,930
Tax Year 2024
Lot Size 0.330 Acres
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, 10 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
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
Building
Foundation Stone
Structure Type Brick
New Construction No
New Construction No
Schools
School District Bay City
Others
Acceptable Financing Other,Cash
Listing Terms Other,Cash