Owner Craig Lightfoot said he's seen the building change week in, week out to become a legacy piece for Bendigo.

"You don't get many chances to do something like this, a transformative project," he said.

"I think if someone walked in four years ago and saw it now, it would be a pretty significant transformation," Mr Lightfoot said.

The revamped building was originally intended to host a large multi-use restaurant, function and entertainment area.

Mr Lightfoot said short-term office space, aristan spaces and food and beverage offerings would also be well suited to occupy the premises.

"People will still want a space that is not their home, so offering a professional space that you don't have to use all the time, with presentation and function rooms could be useful," he said.

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"The idea of a community arts space would also work really well."

Mr Lightfoot said despite rumours, he hasn't received more than casual approaches from prospective tenants, but is open to great ideas.

The 1440-square metre site is available for lease through Colliers International.

Age more than a number for Beehive's reconstruction

When Brett Marris first stepped foot inside the Beehive Building almost two years ago, he thought reconstructing a small pizza shop with heritage elements was his remit.

The joint director of DBG Projects soon realised the task was much grander.

A building with more than 150 years of history, the Beehive is now ready for its next chapter.

On the ground floor, the historic Allans music signs remain, with some hidden gems recently uncovered.

"There was some quartz-style concrete that is over 100 years old and in that, we found a steel door," Mr Marris said.

The ground floor design remains an homage to the 1870s and 1930s, with provisions for a commercial sized kitchen, if required.

"A lot of work has been put in to ensure whoever took over the property when completed, had everything in place," Mr Marris said.

Walking the rear stairs to the first floor, it's hard to miss the numerous hand nailed, decorative copper nails on each step.

The first floor features a number of smaller spaces, some interlinked, that could be home to coworking spaces or intimate food and beverage experiences.

Mr Marris said the concept for the Beehive was borne out of showcasing the building's age.

"You can't take away the authenticity that has been built over so many years."