Description

St Louis - MLS# 1920168
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.