109 N Mill Street, St Louis City, MI 48880
ORIGINAL TOWN · Gratiot County
Key Facts
Description
6400 square foot building with two storefronts, located in flourishing and vibrant downtown St. Louis, Michigan. St. Louis is geographically the “Middle of The Mitten†and is three miles from US 127. This building is in a prime location, just a few steps from M46, within the downtown business district. The retail space could be used as one storefront or two separate. The north side of the building has gone through renovations in recent years that include newer flooring, newer front windows, and exposed tin ceilings. Plus, there is a newer membrane roof with a lifetime warranty. Now let's discuss the possibilities of this building! There are 3200 square feet upstairs that is unfinished and zoned for residential. Room for 4 apartments that the bones are already there and the State of Michigan has incentive programs through the Michigan Economic Development Corporation, which could provide the funding for the renovations. In addition to that, you could use one storefront for your desired business and lease the other side to produce immediate income. With the huge retail/commercial space, two storefronts, potential rental income, single-car garage, and vast parking space, this property is worth some thought!? Seller would consider a possible Land Contract.
Property Information
Property Type
Commercial Sale
Year Built
1900
Living Area
6,400 sq ft
Lot Size
0.16 acres
Lot Dimensions
42.2 x 165
Days on Market
3
MLS® Listing#
79080065617
Property Features
Cooling
Heating
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$1,487
Assessed Value
$24,200
Parcel Number
5301011900
Affordability Calculator
$28,980
Estimated monthly payment
$771/mo
Principal $115,920 · Est. interest $161,719 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in St Louis City, MI
- $238,825
- Median Listing Price
- 58
- Median Days on Market
- 1,500
- Median Sq Ft
- $137
- Median Price / Sq Ft
- 13,529
- Active Listings
- This home’s price is 39% below the area median.
- Its price per sq ft is 84% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in St Louis City, MI.
Location
Points of Interest in St Louis City, MI
Showing the St Louis City area map.
Nearby Schools
St Louis Public School
School · 0.2 mi away
St. Louis High School
Secondary · 0.2 mi away
TSN Middle School
Secondary · 0.5 mi away
Nikkari Elementary School
Elementary · 0.5 mi away
St Louis Public
School · 0.5 mi away
Carrie Knause Early Childhood Learning Center
School · 0.6 mi away
St Louis Correctional Facility
Secondary · 0.9 mi away
Middle of the Mitten Learning Ctr
School · 1.7 mi away
Donald L. Pavlik Middle School
Elementary · 2.5 mi away
Alma Public Schools
School · 2.7 mi away
Alma Senior High School
Secondary · 2.7 mi away
Pine Avenue Elementary School
Elementary · 2.8 mi away
St Mary School
Secondary · 3.4 mi away
Hillcrest Elementary School
Elementary · 3.5 mi away
Alma Public Schools
Elementary · 4.2 mi away
Luce Road Elementary School
Elementary · 4.3 mi away
Breckenridge Elementary School
Elementary · 6.7 mi away
Breckenridge Co-OP Nursery
School · 6.9 mi away
Ithaca Sda School
Secondary · 7.2 mi away
Ithaca High School
Secondary · 7.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 26327 Lehigh Street, Inkster City, MI | $101,990 | 4 | 1 | 845 |
| 30522 Oakridge Manor Drive, Roseville City, MI | $102,000 | 2 | 1 | 976 |
| 4827 GRAY Street, Detroit City, MI | $102,000 | 3 | 1 | 1,824 |
| 10320 Crocuslawn Street, Detroit City, MI | $102,000 | 3 | 1 | 1,536 |
| 2066 E Bristol Road, Burton City, MI | $102,000 | 3 | 2 | 1,500 |
| 5286 STANTON Street, Detroit City, MI | $102,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in St Louis City
Listing Courtesy: CENTURY 21 LEE-MAC REALTY - 9894636085
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