301 E MIDLAND ST

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301 E MIDLAND ST

BAY CITY, MI 48706-4690
Asking Price
$364K
Asset Type
Restaurant Retail
Class
Class B

What's Special

15,000 SF Historic Mixed-Use | 5 Retail + 12 Units | Condo Conversion Plans Ready <ul><li>​15,000 SF Historic Mixed-Use Building in the heart of Bay City's Midland Street District</li><li>​Five Ground-Floor Retail Storefronts — one leased at $850/month + utilities, four available for immediate lease-up</li><li>​12 Upper-Level Apartment Units ready for renovation and repositioning</li><li>​Engineered Plans in Place for a four-unit luxury condominium conversion — permit-ready path to premium residential product</li><li>​Separately Metered Units with private basement storage, up

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NOI
$80,000
Cap Rate
21.98%
DSCR
3.70
Strong
Cash-on-Cash
53.47%
Monthly Payment
$1,800.873
Annual Cash Flow
$58,389.519

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