211 N Chrisman Avenue, Cleveland, MS 38732 (MLS# 4102320)
211 N Chrisman Avenue, Cleveland, MS 38732
$750,000
Property Type:
Commercial Sale
Square Footage:
15,093
Lot Size (sq. ft.):
27,878
Status:
Closed
Current Price:
$950,000
List Date:
1/30/2025
Last Modified:
12/31/2025
Overview
Description
IF YOU ARE A COMMERCIAL INVESTOR LOOKING TO EXPAND YOUR PORTFOLIO, CHECK OUT THIS 15,093± SQUARE FOOT COMMERCIAL BUILDING IN BOLIVAR COUNTY, MS. The building is located at 504 North Chrisman Avenue in downtown Cleveland and is occupied by the Mississippi Division of Medicaid. A new five-year lease was signed on August 1, 2024, and it expires July 31, 2029. In 2012, an 8,000± square foot portion underwent a renovation to meet the needs of the current tenant. The remaining space is currently being used as storage by the owner but could be renovated and leased to a second tenant. The paved parking lot, which offers 18,000± square feet, was recently re-striped. This offering is ideal for an investor seeking low risk, low management, and a capitalization rate of approximately 9.2%.
Listing Details MLS# 4102320
General Property Information
- Approx Lot Size Acres
- 0.64
- Approx H/C SqFt
- 15093
- SqFt Source
- Public Records
- List Price/SqFt
- 62.94
- Year Built
- 1974
- Year Built Source
- Public Records
- Total Floors
- 2
- Accessibility Features
- Yes
- Property Sub Type
- Office
- New Construction
- No
- Property Condition
- Updated/Remodeled
Property Features
Current Use:
Commercial; Investment; Office
Possible Use:
Commercial; Investment; Medical/Dental; Office
Structure Type:
Lowrise 1-2 Floors
Lot Features:
City Lot; Level
Location:
Office Building
Levels:
One and One Half
Square Footage Description:
Ofc. Bldg 10000-50000 SF
Flooring:
Tile
Window Features:
Tinted Windows
Accessibility Features:
Accessible Approach with Ramp; Accessible Entrance
Cooling:
Central Air
Heating:
Central
Utilities:
Cable Available; Electricity Connected; Natural Gas Available; Phone Available; Sewer Connected; Water Connected
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
1031 Exchange; Cash; Conventional
Parking Features:
Asphalt
Available Documents:
Floor Plan(s); Photographs; Tax Info
Address and Location Information
- Street Number
- 211
- Street Direction
- N
- Street Name
- Chrisman
- Street Suffix
- Avenue
- County
- Bolivar
- State
- MS
- Zip Code
- 38732
- Parcel Number
- 33-21-030-20-00100
- Directions to Property
- Directions from the intersection of Hwy 8 & 61: Head west on Hwy 8 for .2 miles and turn left onto North Chrisman Avenue. The building will be on the right behind Renasant Bank.
- Community Of
- N/A
Listing Information
- Property Sub Type
- Office
- Listing Service
- Full Service
Tax and Financial Information
- Tax Annual Amount
- 11071
- Tax Year
- 2024
- Flood Insurance Required?
- No
- Leasehold Y/N
- Yes
- Legal Description
- A LOT 130 FT BY 231 FT BLK 20 CLEVELAND
Status Change Info
- Contract Date/Pending Date
- 2025-12-11
- Closing Date
- 2025-12-30
- Sold Price/SqFt
- 49.69
More Information
Commercial Features
- Business Included
- No
- Cap Rate
- 9.2
Auction
- Auction
- No
Parking Features
- Parking Total
- 30
- Asphalt
- Yes
Showing Requirements
- Showing
- Appointment Required
- Appointment Phone
- 6628202007
Basement Features
- Basement
- No
Parking Spaces
- # Parking Spaces Uncovered
- 30
Location
- City
- Yes
- Office Building
- Yes
Remarks & Miscellaneous
- Public Remarks
- IF YOU ARE A COMMERCIAL INVESTOR LOOKING TO EXPAND YOUR PORTFOLIO, CHECK OUT THIS 15,093± SQUARE FOOT COMMERCIAL BUILDING IN BOLIVAR COUNTY, MS. The building is located at 504 North Chrisman Avenue in downtown Cleveland and is occupied by the Mississippi Division of Medicaid. A new five-year lease was signed on August 1, 2024, and it expires July 31, 2029. In 2012, an 8,000± square foot portion underwent a renovation to meet the needs of the current tenant. The remaining space is currently being used as storage by the owner but could be renovated and leased to a second tenant. The paved parking lot, which offers 18,000± square feet, was recently re-striped. This offering is ideal for an investor seeking low risk, low management, and a capitalization rate of approximately 9.2%.
Current Use
- Commercial
- Yes
- Investment
- Yes
- Office
- Yes
Structure Type
- Lowrise 1-2 Floors
- Yes
Possible Use
- Commercial
- Yes
- Investment
- Yes
- Medical/Dental
- Yes
- Office
- Yes
Income & Expenses
- Gross Operating Income
- 109275
Lot Features
- City Lot
- Yes
- Level
- Yes
Levels
- One and One Half
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Square Footage Description
- Ofc. Bldg 10000-50000 SF
- Yes
Flooring
- Tile
- Yes
Window Features
- Tinted Windows
- Yes
Accessibility Features
- Accessible Approach with Ramp
- Yes
- Accessible Entrance
- Yes
Cooling
- Central Air
- Yes
Heating
- Central
- Yes
Available Documents
- Floor Plan(s)
- Yes
- Photographs
- Yes
- Tax Info
- Yes
Uncovered Parking?
- 26-50 Spaces
- Yes
Listing Office:
Smalltown Hunting Properties &
Listing Agent:
Billy Carpenter
Last Updated: December - 31 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.