1500 Center Avenue Bay City, MI $ 425,000
1500 Center Avenue
$ 425,000
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1500 Center Avenue

Bay City, MI, 48708
$ 425,000
Bedrooms-- Baths-- Sq 4,731

Monthly Estimate*

$ 2,683

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Commercial Property for sale in Bay City, MI

for $425,000. This 4,731 square foot building was built in 1876 on a lot size of 0.62.

Welcome to 1500 Center Ave! A rare opportunity to acquire a 7-unit apartment building in the heart of Bay City's historic Center Avenue corridor. Owned by the same family for the past 30 years, this property offers stable rental income and significant upside potential. Recent improvements include a complete rebuild of the steam boiler system, a new porch roof, and a new garage roof, helping reduce future capital expenditure needs. Located on one of Bay City's most iconic streets, the property benefits from strong rental demand and features a detached garage along with off-street parking—amenities that are increasingly difficult to find in historic multifamily properties. With below-market rents and long-term ownership, investors will appreciate the opportunity to increase income over time while acquiring a well-maintained asset in a highly desirable location. Whether you're looking for a long-term hold or a value-add investment, 1500 Center Ave presents a compelling opportunity to grow your portfolio. Don't miss your chance to own a classic Bay City investment property with substantial upside potential!

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Commercial Active

Price

$ 425,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial/Industrial

Lot Size

0.62

Year Built

1876

Town/City

Bay City

County/Region

Bay

MLS | Web ID

50212388

Features
General
Heating Steam
Roof Composite
Water Public Water
Status Active Active
Year Built 1876
Parking Off Street Parking Lot
Water Heater Gas
County Bay
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Bay City
Zoning Multi-Family
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Bay City (09016)
Primary City Bay City
Location Corner Lot
City Bay City
Financial Terms Cash Commercial Loan
Legal Description LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE
DOM 7
Postal Code 48708
Price Per Sq Ft Total AG 89.83
Public Remarks Welcome to 1500 Center Ave! A rare opportunity to acquire a 7-unit apartment building in the heart of Bay City's historic Center Avenue corridor. Owned by the same family for the past 30 years
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Exterior
Exterior Vinyl Siding Wood
Lot Size Area 0.62
Lot Dimensions 100X135
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Andrew Denham

Listing Agent

Keller Williams Grand Rapids North

Broker

drewdenham@kw.com

Email

Affordability Calculator

$2,683
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,683
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/29/2026$425,000 Listed Price

Map


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1500 Center Avenue, Bay City, MI, 48708 is a Commercial Property for sale at $425,000 with 4,731 sqft and a lot size of 0.62. 1500 Center Avenue was built in 1876. The property's zip code is 48708 which is in Bay City, MI