701 Center Avenue Bay City, MI ^$ 819,900

701 Center Avenue

^$ 819,900

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701 Center Avenue

Bay City, MI, 48708

^$ 819,900

Bedrooms-- Baths-- Sq 7,368

Monthly Estimate*

^$ 5,115

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Commercial Property for sale in Bay City, MI

for $819,900. This 7,368 square foot building was built in 1876 on a lot size of 0.33.

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.

Commercial Active

Price

^$ 819,900

Property Type

Commercial

Taxes

^$ 12,930

Style

Business

Lot Size

0.33

Year Built

1876

Town/City

Bay City

County/Region

Bay

MLS | Web ID

70455403

Features

General

Heating Baseboard Forced Air

Status Active Active

Year Built 1876

Parking 11-20 Spaces

County Bay

Class COM/IND/BUS OPP

Type Business

Ownership LLC

Municipality Bay City

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Bay City (09016)

Primary City Bay City

Directions NE corner of Center and Monroe

City Bay City

Financial Terms Cash

Legal Description LOTS 7 & 8 & S 32 FT OF LOT 9 BLK 58 & W 10 FT OF VAC ALLEY ADJ LOWER SAGINAW

DOM 268

Postal Code 48708

Price Per Sq Ft Total AG 111.28

Public Remarks 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

Exterior

Exterior Brick Concrete

Frontage 105

Lot Size Area 0.33

Lot Dimensions 105x100

Roads City/County Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Drew Denham

Listing Agent

Keller Williams Gr North (Main)

Broker

drewsellsgr@gmail.com

Affordability Calculator

$6,193

Per Month

Monthly Principal & Interest: $5,115
Monthly Property Taxes: $1,078
Monthly Home Insurance: --

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Down Payment

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Bay City, MI

Average List Price ^$382,669

Percent of Sale Price 53%

About Bay City, MI

33,471 Population

-9% Since 2002

^$35,448 Median Income

36.94 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/29/2025	$819,900	-4.65%	Price Down
9/17/2025	$859,900	-1.73%	Price Down
3/11/2025	$875,000		Listed Price

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701 Center Avenue, Bay City, MI, 48708 is a Commercial Property for sale at $819,900 with 7,368 sqft and a lot size of 0.33. 701 Center Avenue was built in 1876. The property's zip code is 48708 which is in Bay City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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701 Center Avenue

Commercial Property for sale in Bay City, MI

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