REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 819,900
Est. payment | /mo
16 Baths
7,368 SqFt
$ 819,900
Est. payment | /mo
16 Baths
7,368 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,368 sqft
Price per Sqft $111
MLS Listing ID 65025008744
Year Built 1876
Property Description
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.
Location
State MI
County Bay
Area Area92102Baycity
Rooms
Basement CommonStorageLocker
Interior
Heating Baseboard, ForcedAir, NaturalGas
Exterior
Parking Features Unpaved
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected
View Y/N No
Building
Foundation Basement, Stone
Sewer PublicSewer
Water Public
Schools
School District Baycity
Others
Ownership LLC
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
©2025 Realcomp II Ltd. Shareholders
Listed by Drew Denham of Keller Williams GR North (Main)
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "