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    10470 Lansing St Mendocino, CA 95460

    For Sale
    $1,800,000

    Historic Kellieowen Hall: Prime Location

    Property size:
    4,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    Kellieowen Hall, a historic 4,400+-square-foot retail building in downtown Mendocino, CA, presents a unique investment opportunity. Located at the southwest corner of Lansing and Ukiah streets, this 1887 building sits at the heart of the village's business district. Currently 100% leased and occupied, the five-tenant property boasts a strong annual gross income exceeding $130,000. Two prominent anchor tenants, 'The Study Club' and 'Lansing Street Gallery', occupy prime corner frontage, attracting significant foot traffic. Additional tenants include an e-bike rental shop, a hat shop, and a real estate brokerage. The building features a substantial 2,000+-square-foot deck on the south side, providing outdoor space for tenants and customers. This exceptional property offers a chance to own a piece of Mendocino history while securing a stable and profitable investment. The businesses within the building are not included in the sale. The property is situated on a 0-acre lot.

    Property Features for 10470 Lansing St

    General Information

    Property type
    Retail properties
    Square Feet
    4,400 SF

    Building Details

    Year Built
    1887
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Hair Salon Law Firm Auto Parts Store Realty agency Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mendocino
    County
    Mendocino
    State
    California
    Longitude
    -123.7988
    Latitude
    39.30606

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    FAQs

    What type of property is this?
    Retail property - Historic Kellieowen Hall: Prime Location
    Where is this retail property located?
    The property is located at 10470 Lansing St Mendocino, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    (707) 937-5822
    Request Owner's contact information
    10470 Lansing St Mendocino, CA 95460
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    Mendocino, CA 95460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10470 Lansing St Mendocino, CA 95460
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