Seller Financing
Address
605 E Midland Bay City, MI
Price
$ 599,000
Property Attributes
  • MLS#50059752
  • TypeCommercial
  • CountyBAY
  • CityBay City
  • AreaBay City
  • NeighborhoodBay City
  • Zip48706
  • StyleCommercial/Industrial
  • Year Built1882
  • Taxes$ 11559
  • Price$ 599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12600
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
Ayre/Rhinehart Bay REALTORS
Data Source:
MiRealSource (MIRS) - 138 - MI
Property Description

Amazing opportunity to own a stunning historical property in the heart of the thriving Midland Street Entertainment District! At 12,600 above grade sqft, this grand structure has plenty of room to expand the current restaurant/bar/banquet business, and your portfolio! As if the marvelous original lumber-era woodworking, tin ceilings, and bevelled glass aren't enough, the turn-key building & business come complete with a Class C liquor license, fully functioning kitchen and equipment (inc. coolers), furniture, 2 pool & 2 ping pong tables, foosball, dart board, and shuffleboard! The building is served by a dry sprinkler system on all 3 levels (appx 250K value), surveillance system, and safe. There are 24 taps barside, and 4 in the banquet room. Building offers 2 sets of bathrooms (1 set is ADA accessible) The upper level would be an excellent owners' quarters, or apartments. Kitchen is currently rented for $3000/month. Inv. to be in addition to sales price.

Price History
11/3/2021 Listed $599,000

General Features

Class COM/IND/BUS OPP
Commercial Features Cafe/Kitchen, Fixtures, Occupied, Private Restrooms, Public Restrooms, Sprinkler System, Wood Floors
Cooling Ceiling Fan(s), Central A/C
Directions Between South Henry & Linn Streets
Financial Terms Cash, Commercial Loan, Land Contract
Heating Forced Air
Listing Area Bay City (09016)
Municipality Bay City
Originating Mls Bay County REALTOR Association
Ownership LLC
Roof Rubber
Source Mls MI Real Source
Status Active
Status Active
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Water Heater Gas
Year Built 1882
Zoning Commercial

Interior Features

Ceiling Height 16-20 Feet
Fuel Type Natural Gas

Exterior Features

Sale Includes Business and Real Estate, Supplies
Exterior Brick
Foundation Type Basement
Frontage 125
Lot Dimensions 125'x114'
Lot Size Area 0.33
Roads City/County, Paved Street
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 48706

Price
AVG $570K
$600K
Taxes
AVG $6,001
$11,559
Visits
AVG 45
1
Year Built
AVG 1945
1882
Walkscore
AVG 40
65
Data Provided by Walkscore ® not using MLS data