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10470 Lansing Street

Mendocino, CA 95460

$1,800,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1887

calendar_month Built

Property Description

For the first time in more than 50 years, a key investment property in downtown Mendocino is available for purchase by an investor or potential owner user looking for a spot to establish a new business location. This historic property, known as Kellieowen Hall, is located on the southwest corner of Lansing and Ukiah streets at the center of the Village of Mendocino. It was built in 1887 by William H. Kelley and has served as the hub of the business district activity in the community. The five-tenant building is a touchstone for locals and tourists alike. The property offers 4,400 +-sq. ft. of rentable building area and is 100% leased and occupied. The building is anchored by two established major tenants with frontage at the corner of Lansing and Ukiah streets. 'The Study Club', with its focus on offering high-end and unique apparel, and the 'Lansing Street Gallery' with its offerings of equally unique art and handcrafted furniture, are two of the most visible businesses in Mendocino. Additional tenants include an e-bike rental (and oddity) shop, a long-time hat shop, and an established real estate brokerage company. The south side of the building includes a 2,000+- sf decking that provides a walkway to nearby properties and an outdoor area for use by customers and businesses alike. Grossing over $122,000 per year (with strong upside potential), the Kellieowen Hall offers the opportunity not only to own a piece of Mendocino history, but to secure an excellent investment as well. Businesses are not for sale.

Listing Information

List Price $1,800,000
Status Active
MLS C110784
HOA $0
Type Commercial
Subtype Retail
Year Built 1887
Lot Size N/A
Structure Size N/A
DOM 9
Courtesy Of Mendo Sotheby's International Realty
Listing Agent Sarah Schoeneman DRE#01383401
Co-Listing Agent Greg Burke DRE#01206312

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

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Listing information courtesy of: Sarah Schoeneman, Greg Burke, Mendo Sotheby's International Realty (510) 418-0070. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 16th, 2024 at 5:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.