107 Bank Street, Grass Valley, CA 95945
- $1,100,000
- List Price
- $1,100,000
- MLS#
- 226047440
- Status
- ACTIVE
- Type
- Single Family Residential
- Zip
- 95945
- City
- Grass Valley
Property 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.
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Additional Information
- Land Area (Acres)
- 0.1
- Year Built
- 1922
- Subtype
- Retail
- Construction
- See Remarks
- Foundation
- See Remarks
- Garage
- See Remarks
- Floor Coverings
- See Remarks
- Cooling
- See Remarks
- Heat
- See Remarks
- Water
- Public
- Utilities
- Sewer Connected
- Sewer
- Public Sewer
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Listing courtesy of Tucker Commercial.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .