301 E MIDLAND ST, BAY CITY, MI 48706-4690 For Sale

301 East Midland Street is a rare mixed-use investment opportunity in the heart of Bay City's Midland Street District — a 15,000 square foot historic building combining in-place retail income, significant lease-up upside, and a permit-ready path to luxury residential conversion.

The ground floor features five street-level retail storefronts along one of Bay City's most active commercial corridors. One unit is currently leased at $850/month plus utilities, with four additional storefronts ready for immediate lease-up. Each retail unit is separately metered and includes private basement storage with updated plumbing and drainage — a clean, operationally efficient setup that simplifies tenant onboarding and ownership.

The second floor currently houses 12 apartment units primed for renovation, offering a clear value-add play for investors focused on rental income. For those pursuing a higher-return repositioning strategy, fully engineered plans are already in place for a four-unit luxury condominium conversion — eliminating early-stage design risk and accelerating the path to a premium residential product in a market where quality urban living is in short supply.

Location is a defining asset. The property sits steps from the Bay County Riverwalk and is surrounded by Bay City's top restaurants, breweries, nightlife, and entertainment venues. The Midland Street District continues to attract reinvestment, new tenants, and residents — and 301 East Midland is positioned to capture that momentum.

An SDM (Specially Designated Merchant) liquor license is available for 305 E Midland for an additional $6,500, offering added flexibility for retail or hospitality operators.

Whether your strategy is stabilized retail income, a value-add apartment play, or a signature luxury condo conversion, 301 East Midland delivers the scale, location, and optionality to execute. Offering memorandum, rent roll, and engineered condo plans available upon request with signed NDA.