211 N Chrisman Avenue, Cleveland, MS 38732 (MLS# 4102320)

211 N Chrisman Avenue, Cleveland, MS 38732

$750,000

Virtual Tour

https://www.propertypanorama.com/504-N-Chrisman-Avenue-Cleveland-MS-38732/unbranded

Property Type: Commercial Sale Square Footage: 15,093 Lot Size (sq. ft.): 27,878 Status: Closed

Current Price: $750,000 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

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

Showing Requirements

Showing: Appointment Required
Appointment Phone: 6628202007

Basement Features

Basement: No

Parking Spaces

# Parking Spaces Uncovered: 30

Listing Office: Smalltown Hunting Properties &

Listing Agent: Billy Carpenter

Last Updated: December - 31 - 2025

211 N Chrisman Avenue, Cleveland, MS 38732 (MLS# 4102320)