You can now bid on the Cleveland West Pierhead Lighthouse

The auction for the Cleveland West Pierhead Lighthouse is now live.

Why it matters: The Lake Erie lighthouse, built at the entrance to the Cleveland Harbor, is one of a record number of lighthouses being offered for public purchase by the U.S. General Services Administration (GSA) this year.

Details: The lighthouse was constructed between 1909-1910. It features a four-story conical tower and an attached fog-signal building.

• The property includes a basement, a first-floor kitchen and (theoretical) living quarters on the second, third and fourth floors.
• It is a City of Cleveland Landmark and listed on the National Register of Historic Places.

Plus: It comes with one-of-a-kind views of the downtown skyline.

Reality check: Owning a piece of local maritime history comes with some challenges.

• The lighthouse is accessible only by boat and features no utilities.

The latest: Bidding started Wednesday at $25,000. As of Thursday midday, the high bid was $32,000, with no set time for the auction's conclusion.

If you bid: A deposit of $10,000 is required. The GSA also strongly encourages bidders to read the paperwork to understand what they'd be getting into.