1022 Mill Street
San Luis Obispo, CA, 93401 $ 1,395,000
Bedrooms-- Baths-- Sq 2,471 Monthly Estimate*
$ 8,589
Listed by Central Coast Home & Land
for $1,395,000. This 2,471 square foot building was built in 1925 on a lot size of 0.21.
Located at 1022 Mill Street, this well-positioned mixed-use commercial property originally a residence converted to a commercial office in 1996 presents a compelling opportunity for investors and owner-users alike, offering flexible office configurations, on-site parking, a separate rear unit, and an outdoor patio area—all within walking distance to the San Luis Obispo County Courthouse. Its central location near downtown San Luis Obispo, Highway 101, and major professional corridors makes it highly desirable for legal, professional, and service-oriented tenants. The main building features five private offices arranged in a functional and efficient layout, ideal for legal practices, professional services, medical or wellness use, or creative office environments. Two bathrooms support staff and client use, while the flexible floor plan allows for future reconfiguration to meet evolving tenant or owner-user needs. A separate unit at the rear of the property enhances the investment profile by offering the potential for multiple income streams, additional leasable space, or private workspace for an owner-user, subject to zoning and use approvals. The separation of structures supports mixed-use functionality while maintaining privacy between uses. An outdoor patio area provides a rare and valuable amenity for an office property, offering space for breaks, informal meetings, or outdoor use that enhances tenant appeal and workplace quality. Combined with on-site parking, this feature strengthens tenant retention and overall marketability in a high-demand location. With its walk-to-courthouse location, mixed-use potential, flexible office layouts, separate rear unit, outdoor patio, and parking, 1022 Mill Street represents a strong opportunity for an investor seeking a stable commercial asset with upside potential, or an owner-user looking to offset occupancy costs through additional rental income in one of San Luis Obispo’s most sought-after professional districts.
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FeaturesGeneralUtilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Composition
Construction Materials Stucco
Year Built 1925
Property Subtype Mixed Use
Current Use Commercial
County San Luis Obispo
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Directions Santa Rosa to Mill Street
City San Luis Obispo
MLS Area SLO - San Luis Obispo
Lot Size Units Acres
Lot Size Square Feet 9147.6
Listing Terms Cash Cash to New Loan
Land Lease Y/N false
Current Financing None
Additional Parcels Y/N false
Virtual Tour https://unbranded.visithome.ai/W5P2cwouHqVCVK8NV9RRiq?mu=ft
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Mixed Use
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InteriorTotal Stories 1
Laundry Features None
Entry Level 1
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ExteriorFencing Wood
Lot Features Drip Irrigation/Bubblers Landscaped Near Public Transit
Water Source Public
Lot Size Area 0.21
Number of Buildings 2
Building Area Total 2471
Lot Size Acres 0.21
Lot Size Source Assessor
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* Excluded FeaturesList ByCentral Coast Home & LandBroker
centralcoasthomeandland@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,589
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in San Luis Obispo, CA
Average List Price $2,553,577
Percent of Sale Price 83%
About San Luis Obispo, CA 47,311 Population
11% Since 2002
$ 55,617 Median Income
30.28 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/27/2026 | $1,395,000 | | Listed Price |