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11%+ Cap Rate | 25K SF Office Building | 63% Occup.

Market Price

503 North Euclid Avenue, Bay City, MI 48706

Active
Last Updated: 03/18/2025

2.03 acres

Lot Area

64

Occupancy

Details:
Lot Area:    2.03 acres
Occupancy:    64%
Tenancy:    Multiple
Gross Leaseable Area:    24,631
Investment Strategy:    Value Add
Highlights:
  • Value-Add Investment – With approximately 16K SF of vacant space, an investor can add value through renovation, repositioning, or leasing efforts while an owner-user may operate their business in as little as 250 SF to as much as 4,650 SF
  • High Cap Rate – Motivated Seller. Willing to sell north of a 11% Cap Rate on in-place income
  • Location – Euclid Ave (26,000 VPD) is situated within a corridor mixed with retail, office, medical, school, and residential areas.
  • Service-Based Tenancy – a diverse mix of professional office tenants including a CPA, Attorney, and Cleaning Service.
  • Short-Term Leases – Short-term leases provides flexibility in repositioning the property, whether by attracting tenants of higher quality or renegotiating terms to enhance long-term stability and profitability.
Map:
Documents:
Title
Euclid_Plaza_-_Bay_City__MI_-_Brochure.pdf
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