MLS Public Remarks 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.
http://www.www.jjrealtors.com.com/1920168
Township City of St Louis
Directions North on Mill Street from M-46. Property is located on West side of Mill Street.
Fin Below Grd SqFt 0
Total Fin SqFt 4,180
Price/SqFt $20
Current Use Restaurant/Food Service,Office Building,Retail Store,Other
Unfinished SqFt 0
Above Grade Finished SqFt 0
CDOM 63
Sub Property Type Retail/Commercial
Year Built 1950
Days on Market 63
Land Assessment -
Improvements -
Acreage 0.08
Taxes -
Tax Year -
Summer Taxes -
Winter Taxes -
Lower Level Square Footage 0
Waterview N
Waterfront N
For Lease/Rent N
Est. Total Acres 0.08
Lot Dimensions 33x101
WaterFrontage
0
Heating Forced Air, Natural Gas
Cooling Forced Air, Natural Gas
Water Municipal Water
Zoning Commercial, Residential, Special Use
Heating Forced Air, Natural Gas
Garage 0.0
Basement details Unfinished
Sewer Municipal
Features None
Parking Desc Street Parking
Exterior Features Vinyl
Terms/Misc. Modified Gross Lease
Possession Negotiable
Status Change Date 03/16/2024
Listing Date 03/13/2024
Internet/IDX Y
Licensee Interest None
Listing Office
Ii Gemini, Llc
Office Address
325 Enterprise Drive
Listing Number
1920168
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Friday, May 17, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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