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161 Mill St 19,980 SF 100% Leased Retail Building Grass Valley, CA 95945 $1,699,000 ($85.04/SF)
Investment Highlights
- Historic four-level commercial building constructed in 1900.
- Prominent frontage along downtown Grass Valley's Mill Street.
- On-site parking and rear access enhance operational functionality.
- More than half of the building has been renovated.
- Flexible layout supports retail, office, hospitality, and mixed-use concepts.
- Located near downtown restaurants, shops, entertainment, and community events.
Executive Summary
161 Mill Street presents an opportunity to acquire a landmark commercial property in the heart of historic downtown Grass Valley. Constructed in 1900, the four-level building contains approximately 19,904 square feet on a 0.28-acre site and occupies a prominent position along Mill Street, one of the city's most recognized pedestrian-oriented commercial corridors. The property combines historic character with meaningful improvements, as more than half of the building has been renovated, providing a blend of preserved architectural appeal and updated functionality.
The flexible layout supports a variety of potential commercial, hospitality, retail, office, and mixed-use concepts. Existing features include renovated commercial areas, display windows, showroom space, on-site parking, and rear access, creating operational flexibility for future ownership. The building's scale and configuration provide opportunities for adaptive reuse while maintaining the property's historic identity.
Located within downtown Grass Valley's established business district, the property benefits from proximity to restaurants, shops, entertainment venues, and year-round community events that contribute to consistent pedestrian activity. Its visibility along Mill Street places it within one of the area's most active commercial environments, supporting both owner-user and investment objectives.
The combination of a historic downtown location, substantial building footprint, renovation progress, and multiple redevelopment or occupancy possibilities creates a distinctive acquisition opportunity within Nevada County's commercial market.
The flexible layout supports a variety of potential commercial, hospitality, retail, office, and mixed-use concepts. Existing features include renovated commercial areas, display windows, showroom space, on-site parking, and rear access, creating operational flexibility for future ownership. The building's scale and configuration provide opportunities for adaptive reuse while maintaining the property's historic identity.
Located within downtown Grass Valley's established business district, the property benefits from proximity to restaurants, shops, entertainment venues, and year-round community events that contribute to consistent pedestrian activity. Its visibility along Mill Street places it within one of the area's most active commercial environments, supporting both owner-user and investment objectives.
The combination of a historic downtown location, substantial building footprint, renovation progress, and multiple redevelopment or occupancy possibilities creates a distinctive acquisition opportunity within Nevada County's commercial market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
19,980 SF
Building Class
B
Year Built
1900
Price
$1,699,000
Price Per SF
$85.04
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.07
Lot Size
0.43 AC
Zoning
TC - Town Center
Frontage
92’ on Mill St
Amenities
- 24 Hour Access
- Storage Space
- Air Conditioning
- Solar Panels
- Awning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 008-372-017-000 | Improvements Assessment | $1,932,141 (2026) |
| Land Assessment | $552,040 (2026) | Total Assessment | $2,484,181 (2026) |
Property Taxes
Parcel Number
008-372-017-000
Land Assessment
$552,040 (2026)
Improvements Assessment
$1,932,141 (2026)
Total Assessment
$2,484,181 (2026)
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161 Mill St