512 N Lincoln Street Bay City, MI $ 889,900
512 N Lincoln Street
$ 889,900
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512 N Lincoln Street

Bay City, MI, 48708
$ 889,900
Baths0.0 Sq 28,640

Monthly Estimate*

$ 6,216

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Studio

Commercial Property for sale in Bay City, MI

for $889,900. This 28,640 square foot building was built in 1890 on a lot size of 1.73.

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.

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Commercial Active

Price

$ 889,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,307

Style

Commercial/Industrial

Lot Size

1.73

Year Built

1890

Town/City

Bay City

County/Region

Bay

MLS | Web ID

50138460

Features
General
Heating Hot Water
Roof Shingles
Water Public Water
Status Active Active
Year Built 1890
Parking 21+ Spaces Off Site Parking Lot
Water Heater Gas
County Bay
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Private
Municipality Bay City
Zoning Commercial
Flood Insurance Not Required
Area Bay City (09016)
Location Residential Area
Directions From Center head South on Lincoln. Building is on the East side of the street.
City Bay City
Street Name Lincoln
Financial Terms Cash Conventional
Legal Description N 269 FT OF LOTS 9 & 10 E OF LINCOLN ST EXC N 96 FT SD LOTS 9 & 10 & ALL OF LOTS 7 & 8 EXC S 40 FT W OF BIRNEY ST WALKERS SUB ALSO EXC COM AT NE COR LOT 8 SD WALKERS SUB
DOM 12
Price Per Sq Ft 31.07
Coming Soon
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Exterior
Frontage 178
Lot Size Area 1.73
Lot Dimensions Irregular
Well/Septic Inspection Done No
Waterfront Y/N No
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Interior
Fuel Type LP/Propane Gas Natural Gas
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* Excluded Features
List By
The Real Estate Specialists

Listing Agent

Berkshire Hathaway Homeservices, Bay City

Broker

realestatespecialists@bhhsmi.com

Email

Affordability Calculator

$7,075
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,216
Monthly Property Taxes
$859
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/12/2024$889,900 Listed Price

Map


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512 N Lincoln Street, Bay City, MI, 48708 is a Commercial Property for sale at $889,900 with 28,640 sqft and a lot size of 1.73. 512 N Lincoln Street is a studio with 0.0 baths and was built in 1890. The property's zip code is 48708 which is in Bay City, MI