Historic Pub-Restaurant
535 Mill Street Grass Valley, CA 95945
535 Mill Street, Grass Valley, CA, 95945
$750,000
For Sale
$750,000
Historic two-floor pub/restaurant with commercial kitchen, event space, and seasonal outdoor dining by the creek.
Property Size5,112 SF
Price / SF$146.71
Days on Market377
Property Features for 535 Mill Street
General Information
- Standard status
- Active
- Size
- 5,112 SF
- Property subtype
- Mixed Use
Listing agency
Nick Sadek Sotheby's International Realty
4461190
Listed by
Michelle Ifland
4461190
Source
Xome
Added: Jul 10, 2025 Updated: Jul 20 at 5:20PM Checked: Jul 21 at 2:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nick Sadek Sotheby's International Realty
Investment Insights
Based on property information with market context.
Purchase the business or acquire the historic building for your own concept in this landmark property originally built in 1851. Current operations are The Wild Eye Pub, a pub/restaurant and event space spanning two floors with a full unfinished basement. The building includes a large, well-equipped commercial kitchen and flexible event facilities with approximately 100 feet of seasonal creekside dining.
An ample on-site parking lot supports convenient guest access and is used for seasonal outdoor dining and events May through September along Wolf Creek. Since 2018, the property has seen updates including a custom stage with professional lighting and sound systems.
A Type 47 full liquor license is noted as sold separately. The property is located within walking distance of the Nevada County Fairgrounds and Downtown Mill Street shops. The listing also references an upstairs opportunity that may support a boutique hotel concept.
An ample on-site parking lot supports convenient guest access and is used for seasonal outdoor dining and events May through September along Wolf Creek. Since 2018, the property has seen updates including a custom stage with professional lighting and sound systems.
A Type 47 full liquor license is noted as sold separately. The property is located within walking distance of the Nevada County Fairgrounds and Downtown Mill Street shops. The listing also references an upstairs opportunity that may support a boutique hotel concept.
Key Highlights
- Historic building originally built in 1851, currently operating as The Wild Eye Pub
- 5,112 sq. ft. across two floors plus a full unfinished basement
- Commercial kitchen and flexible event space, including 100 feet of seasonal creekside dining
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.5k | $13.80 |
| − Vacancy | −$3.2k | −$0.62 |
| EGI | $67.4k | $13.18 |
| − OpEx | −$20.2k | −$3.95 |
| NOI | $47.2k | $9.23 |
5,112 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,934 @ 7.0% cap · market cap 17.06%
Second Best
Industrial
$673.7K
$589.5K – $786.0K
NOI $47,160 @ 7.0% cap · market cap 6.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wild Eye Pub
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Wild Eye Pub — 535 Mill St, Grass Valley, CA 95945
- Gary's Place — 158 Mill St, Grass Valley, CA 95945
- Music In the Mountains — 131 S Auburn St, Grass Valley, CA 95945
- The Tin House — 11209 McCourtney Rd, Grass Valley, CA 95949
- Cirinos Bloody Mary Mix — 213 W Main St, Grass Valley, CA 95945
FAQs
What type of property is this?
Bar & Pub - Historic two-floor pub/restaurant with commercial kitchen, event space, and seasonal outdoor dining by the creek.
Where is this bar & pub located?
The property is located at 535 Mill Street Grass Valley, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Historic building originally built in 1851, currently operating as The Wild Eye Pub; 5,112 sq. ft. across two floors plus a full unfinished basement; Commercial kitchen and flexible event space, including 100 feet of seasonal creekside dining
