161 Mill Street

Grass Valley, CA95945

A rare opportunity to own one of downtown Grass Valley's most iconic historic buildings. Prominently positioned on beloved Mill Street, this incredible +/- 19,904 square foot property is rich with character, history, and untapped potential. Originally built in the early 1900s during the height of Grass Valley's booming Gold Rush era, this grand multi-level building has long been woven into the fabric of the community. Behind the storefronts and expansive commercial space lies one of its most unforgettable hidden treasures a stunning third-floor ballroom featuring soaring dome ceilings, exposed brick accents, intricate trim details, and the timeless craftsmanship rarely found today...You can almost hear the echoes of another era grand gatherings, celebrations, music, and community events that once filled the hall. Now, the opportunity exists for a new owner to breathe life back into this extraordinary space and reimagine its future. While more than half of this building has been renovated, there is still more potential to bring this historic beauty back to life. With nearly 20,000 square feet of flexible space, the possibilities are endless: boutique hotel, restaurant, entertainment venue, creative offices, luxury lofts, retail destination, wedding venue, or mixed-use redevelopment. The building's historic charm paired with its prominent downtown location creates an unmatched canvas for visionaries, investors, and preservationists alike. Located in the heart of historic Grass Valley, surrounded by thriving restaurants, shopping, entertainment, and year-round community events with coveted on site parking...this is more than real estate it's a chance to become part of the town's continuing story. Bring your vision. Restore the grandeur. Check out the City of Grass Valleys walking tour link on their website...what amazing history.

Listing courtesy of Coldwell Banker Grass Roots Realty



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Last checked 2026-08-02 05:54 PM PDT