$875,000 for Sale
701 center ave, bay city, MI 48708
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, 9 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.
General Information
Sale Price: $875,000
Price/SqFt: $118
Status: Active
MLS#: 50168251
City: bay city
Post Office: bay city
County: Bay
Acres: 0.33
Lot Dim: 14505
Size: 7,428 sq.ft.
Acreage: 0.33 est.
Year Built: 1876
Property Type: Commercial/Industrial
Tax, Fees & Legal
Est. Summer Taxes: $11,278
Est. Winter Taxes: $1,653
Listing Courtesy of: Andrew Denham of Keller Williams Grand Rapids North
Information provided by Bay County REALTOR
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Listing information provided courtesy of the Jackson Area Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
This listing last updated: Sun, April 20, 2025 at 8:10:10 AM EDT
BCRA Listing Data Last Updated on Thu, May 1 2025 at 7:32am
