10470 Lansing St Mendocino, CA 95460
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.