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201 N MILL ST SAINT LOUIS, MI 48880
- Commercial / Resale (MLS)
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Property Details for 201 N MILL ST, SAINT LOUIS, MI 48880
Features
- Price/sqft: $20
- Lot Size: 3485
- Total Rooms: 1
- Room List: Basement
- Heating: Forced Air Heating
Facts
- Year Built: 01/01/1950
- Property ID: 867555524
- MLS Number: 1920168
- Parcel Number: 53-010-138-00
- Property Type: Commercial
- County: GRATIOT
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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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Property Brokerage:
II GEMINI, LLC
325 Enterprise Drive
Breckenridge
MI
48615
Copyright © 2024 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.