St. Louis, MI 48880,201 Mill Street

$60,000

$85,000

29.4%
Est.Price: ?

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Est. payment /mo

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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Realcomp MLS
Listed by Ryan Smith of II GEMINI, LLC
Bought with II GEMINI, LLC

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JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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