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$875,000
133 Days On Site

701 Center Avenue
Bay City City, MI 48708

For Sale|Business|Active
0
Beds
16
Total Baths
7,368
SqFt
$119
/SqFt
1876
Built
County:
Bay
701 Center Avenue701 Center Avenue701 Center Avenue701 Center Avenue
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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.Located just steps from downtown Bay City, the property offers walkable access to dining, shopping, and entertainment. This is a rare opportunity to own a historically significant property with strong potential in a prime location.

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Listing Snapshot
Price 
$875,000
Days On Site 
133 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,368 sqft
Total Baths 
16
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.33 Acres
Year Built 
1876
MLS® Number 
65025008744
Status 
Active
Property Tax 
$12,930.27
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing first seen on site
4 months agoListing updated with changes from the MLS®
General Features
Acres 
0.33
Additional Property Use 
Investment
Cross Street 
Monroe
Disclosures 
Documents Require Confidentiality Agreement
Foundation 
Stone
Parking 
Unpaved
Parking Spaces 
17
Property Sub Type 
Business
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7368
Utilities 
Electricity ConnectedNatural Gas ConnectedPhone AvailablePhone Connected
Water Source 
Public
Interior Features
Basement 
Storage Space
Heating 
BaseboardForced AirNatural Gas
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Exterior Features
Construction Details 
BrickConcreteOther
Community Features
Financing Terms Available 
Cash
MLS Area 
Area92102BayCity
Roads 
Paved
School District 
BayCity
Schools
School District
BayCity
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams GR North: [email protected]



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Neighborhood & Commute
Source: Walkscore
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