161 Mill Street presents an opportunity to acquire a landmark commercial property in the heart of historic downtown Grass Valley. Constructed in 1900, the four-level building contains approximately 19,904 square feet on a 0.28-acre site and occupies a prominent position along Mill Street, one of the city's most recognized pedestrian-oriented commercial corridors. The property combines historic character with meaningful improvements, as more than half of the building has been renovated, providing a blend of preserved architectural appeal and updated functionality. The flexible layout supports a variety of potential commercial, hospitality, retail, office, and mixed-use concepts. Existing features include renovated commercial areas, display windows, showroom space, on-site parking, and rear access, creating operational flexibility for future ownership. The building's scale and configuration provide opportunities for adaptive reuse while maintaining the property's historic identity. Located within downtown Grass Valley's established business district, the property benefits from proximity to restaurants, shops, entertainment venues, and year-round community events that contribute to consistent pedestrian activity. Its visibility along Mill Street places it within one of the area's most active commercial environments, supporting both owner-user and investment objectives. The combination of a historic downtown location, substantial building footprint, renovation progress, and multiple redevelopment or occupancy possibilities creates a distinctive acquisition opportunity within Nevada County's commercial market.