Saint Louis, MI 48880,201 Mill Street
Saint Louis, MI 48880,201 Mill Street
Saint Louis, MI 48880,201 Mill Street
13
$60,000
$85,000
29.4%
Est.Price: ?

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4,180 SqFt

201 Mill Street Saint Louis, MI 48880

Est. payment /mo
SOLD DATE : 07/08/2024

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Key Details

Sold Price $60,000

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,180 sqft

Price per Sqft $14

Subdivision Mi

MLS Listing ID 80015532

Sold Date 07/08/24

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 Saint Louis (29029)

Zoning Commercial,Residential

Interior

Heating Forced Air

Exterior

Roof Type Asphalt

Building

Foundation Basement

Water Public Water

Structure Type Frame,Vinyl Siding

Others

Ownership Corporation

Energy Description Natural Gas

Acceptable Financing Other

Listing Terms Other

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by II GEMINI, LLC
Bought with II GEMINI, LLC

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Scott Clay

Broker/Owner | License ID: 6502432343

+1(989) 332-1712

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