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About the Listing 30218 - 708744
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.
Listing Highlights for 512 N Lincoln
Status
Active With Contingency
Days on Site
570
Property Type
Commercial Sale
MLS ®
50138460
Year Built
1890
Total Square Footage
28,640
Lot/Acreage
1.73
County
Bay
Area
Bay City (09016)
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 28640
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: Irregular
- Zoning: Commercial
- Roof: Shingles
- Others:
- Sewer: Public Sanitary
- Parking Features: 21+ Spaces,Off Site,Parking Lot
Financial Details
- Tax Amount: $10,308
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2023
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
512 N Lincoln Bay City, MI 48708
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