$60,000
$85,000
29.4%For more information regarding the value of a property, please contact us for a free consultation.
4,180 SqFt
SOLD DATE : 07/08/2024
Key Details
Sold Price $60,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,180 sqft
Price per Sqft $14
Subdivision City Of St.Louis
MLS Listing ID 79080015532
Sold Date 07/08/24
Originating Board Central Michigan Association of REALTORS®
Year Built 1950
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 33x101
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.
Location
State MI
County Gratiot
Area St. Louis
Zoning Commercial,Residential
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Asphalt
Accessibility Disabled Access
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Vinyl
Schools
School District St. Louis
Others
Tax ID 5301013800
Ownership Corporate/Relocation
Special Listing Condition Unknown/Data Share Listings
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Bought with II GEMINI, LLC
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