MI > Bay City
Bay City, MI 48708,512 N Lincoln Street
Bay City, MI 48708,512 N Lincoln Street
Bay City, MI 48708,512 N Lincoln Street
Bay City, MI 48708,512 N Lincoln Street
Bay City, MI 48708,512 N Lincoln Street
Bay City, MI 48708,512 N Lincoln Street
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 839,900
Est. payment | /mo

28,640 SqFt

Save
$ 839,900
Est. payment | /mo
Save

28,640 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Contingent

Purchase Type For Sale

Square Footage 28,640 sqft

Price per Sqft $29

MLS Listing ID 50138460

Year Built 1890

Annual Tax Amount $10,307

Tax Year 2023

Lot Size 1.730 Acres

Acres 1.73

Lot Dimensions Irregular

Property Sub-Type Commercial/Industrial

Property Description

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.

Location

State MI

County Bay

Area Bay City (09016)

Zoning Commercial

Interior

Heating Hot Water

Exterior

Parking Features 21+ Spaces, Off Site, Parking Lot

Roof Type Shingles

Building

Foundation Basement

Water Public Water

Others

Ownership Private

Energy Description Natural Gas,LP/Propane Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices, Bay City
Place Perfect Realty

"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

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512 N Lincoln Street