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201 Mill Street

St Louis, MI 48880
  • $85,000
  • STATUS: Active
  • ON SITE: 101 Days
  • MLS #: 1920168
UPDATED: 144 min ago
$85,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,180
    SQFT
  • $20
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Investment opportunity! Are you a developer looking for a turn key project? Or how about a business owner looking to own their own building and generate additional rental income? 201 Mill Street in downtown St. Louis could be for you. This mixed-use property offers the best of both worlds with approximately 2,500 square feet of ground floor commercial space, perfect for retail, a restaurant, or offices. Additionally, the second floor consists of 1,675 square feet of residential space, ideal for tenants or an owner's residence. Benefit from significant financial incentives, including designation for an obsolete property rehabilitation abatement. The property also qualifies as a brownfield site, opening doors to tax increment financing with the potential for property tax abatements and reimbursements until the year 2047. The Michigan Economic Development Corporation has expressed interest in supporting this project, providing additional incentives and opportunities for the future owner. Do not miss this chance to purchase a turnkey project at a discounted rate. This property presents an unparalleled opportunity for developers, business owners, and investors.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-06-23T16:52:07.517.
www.housestraversecity.com/homes/148555028
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201 Mill Street St Louis, MI 48880

  • Price: $85,000
  • Status: Active
  • On Site: 101 Days
  • Updated: 144 min ago
  • MLS #: 1920168
0
Beds
0
Baths
0
½ Baths
0.08
Acres
4,180
SQFT
$20
$/SQFT
1950
Built
Neighborhood:
City Of St.Louis
County:
Gratiot
Area:
Gratiot
Property Description
Investment opportunity! Are you a developer looking for a turn key project? Or how about a business owner looking to own their own building and generate additional rental income? 201 Mill Street in downtown St. Louis could be for you. This mixed-use property offers the best of both worlds with approximately 2,500 square feet of ground floor commercial space, perfect for retail, a restaurant, or offices. Additionally, the second floor consists of 1,675 square feet of residential space, ideal for tenants or an owner's residence. Benefit from significant financial incentives, including designation for an obsolete property rehabilitation abatement. The property also qualifies as a brownfield site, opening doors to tax increment financing with the potential for property tax abatements and reimbursements until the year 2047. The Michigan Economic Development Corporation has expressed interest in supporting this project, providing additional incentives and opportunities for the future owner. Do not miss this chance to purchase a turnkey project at a discounted rate. This property presents an unparalleled opportunity for developers, business owners, and investors.
Exterior Features

Construction Frame Exterior Features Vinyl Foundation Unfinished Lot Dimensions 33x101 Parking Street Parking Road Public Maintained Roof AsphaltMembrane

Interior Features

Heating Cooling Type Forced Air

Property Features

Business Incl No Business Name N/A Deeded Waterfront No Documents On File Legal DescriptionEnvironmental Report Eco Features No Energy Efficient Not Applicable Extras None Heating Cooling Source Natural Gas Included In Lease Building InsuranceExterior MaintenanceTax Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Freestanding Possession Negotiable Present Use Restaurant/Food ServiceOffice BuildingRetail StoreOther Renewable Not Applicable Sale Or Lease For Lease Sale Rent For Sale Section Number 24 Sewer Municipal Taxable Value 13617 Terms Modified Gross Lease Township City of St Louis Type Retail/Commercial Type Of Ownership Corporate Owned Univs Design Barrier Free No Steps Entry Vacant Land No Water Municipal Water Water Conservation Not Applicable Zoning ResidentialCommercialSpecial Use

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of II GEMINI, LLC: 989-708-6850.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-06-23T16:52:07.517.
 
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