MI > Bay > Bay City > 512 N Lincoln
  • MLS# 50138460
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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 Information

Status
Active 
Address
512 N Lincoln 
City
Bay City 
Zip
48708 
Year Built
1890 
Listing Date
04/12/2024 
County
Bay 
Parking
21+ Spaces,Off Site,Parking Lot 

Taxes

Summer Taxes
$9,039 
Winter Taxes
$1,268 

Features

Zoning
Commercial 
Water
Public Water 
Sub Property Type
Commercial/Industrial 
Heating
Hot Water 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
50138460 Active Apr 12 2024 11:22AM $889,900 33
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Berkshire Hathaway Homeservices, Bay City
(989) 892-8888
Office Address 919 Saginaw St. Suite 101
Originating MLS: MiRealSource
Source MLS: MiRealSource

512 N Lincoln Bay City
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$889,900
For Sale • Acres: 1.73 • Zoning: Commercial