512 N Lincoln Street Bay City, MI 48708
28,640 Sq. Ft. / 75,359 Sq. Ft., 1.73 acres lot size / Business Opportunities
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Owning a piece of history like the original Bay City Academy is an incredible opportunity! The combination of historical charm and modern amenities make it a versatile investment. With 23 rental units and 5 office spaces, there's already a solid income stream in place, and the potential to convert additional rooms into income-generating spaces adds even more value. The building's 1890s architecture, with its original oak trim and mirror staircases, adds a unique character that's hard to find in newer constructions. The vaulted ceilings and archways further enhance its appeal, creating a sense of grandeur and elegance. It's fascinating to hear about the original chapel, repurposed as office space, and the secret staircase used by the priest. These historical touches add to the building's allure and provide a glimpse into its rich past. With recent updates like the refurbished boilers (2024) and new roof (Dec 2023), along with regular maintenance of the Otis elevator, it's clear that the property has been well-cared for and is ready for its next chapter. Investing in such a property not only provides a solid financial opportunity but also allows the owner to become a part of local history, preserving and maintaining a piece of Bay City's heritage for generations to come.
property details
Type
Business Opportunities
Status
Active
County
Bay
Year Built
1890
Sq. Ft.
28,640
Lot Size
75,359 Sq. Ft., 1.7 acres
Listing Id
50138460
Courtesy Of
Jess Faulmann - Berkshire Hathaway HomeServices, Bay City realestatespecialists@bhhsmi.com
List Office Phone
+1 (989) 892-8888
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Roof
Shingle
Parking
21+ Spaces
Off Site
Parking Lot
Off Site
Parking Lot
Parking Spaces
21
Utility & Building Info
Sewer
Public Sanitary
Parcel Number
160-022-362-014-00
Water Source
Public Water
Heating
Other
Hot Water
Hot Water
Building Area Total
28,640 Sq. Ft.
Price Per Sq Ft
$31
Architectural Style
Other
Northern Michigan MLS, Inc listings presented by:
203 Bridge St.
Charlevoix, Michigan 49720
(231) 547-9905
Price History
| date | event | price | source |
|---|---|---|---|
|
04/12/2024
04/12/2024
|
Active |
$889,900
|
MI RealSource (MIMC) |
View More
Market Trends
Source: LiveBy
Mortgage Calculator
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