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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

10470 Lansing St Mendocino, CA 95460

4,400 SF Built 1887
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1887
Total area 4,400 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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