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Listed price in listed location currency (USD).
$1,100,000

000

MLS® 226047440

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 1
Lot Size 
Approx. Age 1922
MLS® Number 226047440

Property Address: 107 Bank Street, Grass Valley, CA, 95945

Average square foot calculated using Size range provided by listing agent.

Description

107 Bank Street offers a rare opportunity to acquire a 4, 247 SF historic retail building in the heart of downtown Grass Valley, 100% occupied by Booktown Books a well-established cooperative of independent booksellers with approximately 20 years of continuous tenancy at this location. A five-year Modified Net Lease executed in January 2025 delivers a 7.16% going-in cap rate with 3% annual rent escalations and a blended 7.43% average cap rate over the initial term; the tenant reimburses property taxes and insurance, and each cooperative member has personally guaranteed the lease, providing uncommon credit strength. Built in 1922, the building features soaring 18-ft ceilings with true-dimension wood trusses, exposed concrete walls, five private offices on a partial second story, and restrooms on each level. Situated on a corner lot with frontage on Bank and Auburn Streets, the property is directly adjacent to Union Square Municipal Parking and steps from the Mill Street Pedestrian Plaza. Zoned Town Core for maximum commercial flexibility, this is a well-located, income-producing asset with strong lease fundamentals and distinctive historic character. APN: 008-372-003-000.
MLS® Number226047440
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1922
Basement
DrivewaySee Remarks
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 17, 2026List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
107 , Grass Valley, CA

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