Business HoursMon-Fri: 9PM-5PM | Sat: 9AM-1PM
Offices418 HWY 90 Waveland, MS 39576
$750,000
Cleveland, MS 38732
MLS# 4102320
Status: Closed
15093 sqft
1 / 21
Property 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%.
Details
Maps
Address and Location Information
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
Street Number: 211
Street Direction: N
Street Name: Chrisman
Street Suffix: Avenue
County: Bolivar
State: MS
Zip Code: 38732
Location
City: 1
Office Building: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2025-01-30
List Price: $950,000
Current Price: $750,000
Property Sub Type: Office
General Property Information
Property Sub Type: Office
New Construction: No
Property Condition: Updated/Remodeled
Approx Lot Size Acres: 0.64
SqFt Source: Public Records
List Price/SqFt: 62.94
Year Built Source: Public Records
Total Floors: 2
Accessibility Features: Yes
Approx H/C SqFt: 15093
Year Built: 1974
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
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%.
Status Change Info
Sold Price/SqFt: 49.69
Contract Date/Pending Date: 2025-12-11
Closing Date: 2025-12-30
Current Use
Commercial: 1
Investment: 1
Office: 1
Structure Type
Lowrise 1-2 Floors: 1
Possible Use
Commercial: 1
Investment: 1
Medical/Dental: 1
Office: 1
Income & Expenses
Gross Operating Income: 109275
Lot Features
City Lot: 1
Level: 1
Levels
One and One Half: 1
Sewer
Public Sewer: 1
Commercial Features
Business Included: No
Cap Rate: 9.2
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Showing Requirements
Showing: Appointment Required
Appointment Phone: 6628202007
Utilities
Cable Available: 1
Electricity Connected: 1
Natural Gas Available: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Square Footage Description
Ofc. Bldg 10000-50000 SF: 1
Flooring
Tile: 1
Window Features
Tinted Windows: 1
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Entrance: 1
Cooling
Central Air: 1
Heating
Central: 1
Auction
Auction: No
Parking Features
Parking Total: 30
Asphalt: 1
Basement Features
Basement: No
Available Documents
Floor Plan(s): 1
Photographs: 1
Tax Info: 1
Parking Spaces
# Parking Spaces Uncovered: 30
Uncovered Parking?
26-50 Spaces: 1
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
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.
$750,000
Cleveland, MS 38732
MLS# 4102320
Status: Closed
15093 sqft
1 / 21
Property 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%.
Details
Maps
Address and Location Information
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
Street Number: 211
Street Direction: N
Street Name: Chrisman
Street Suffix: Avenue
County: Bolivar
State: MS
Zip Code: 38732
Location
City: 1
Office Building: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2025-01-30
List Price: $950,000
Current Price: $750,000
Property Sub Type: Office
General Property Information
Property Sub Type: Office
New Construction: No
Property Condition: Updated/Remodeled
Approx Lot Size Acres: 0.64
SqFt Source: Public Records
List Price/SqFt: 62.94
Year Built Source: Public Records
Total Floors: 2
Accessibility Features: Yes
Approx H/C SqFt: 15093
Year Built: 1974
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
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%.
Status Change Info
Sold Price/SqFt: 49.69
Contract Date/Pending Date: 2025-12-11
Closing Date: 2025-12-30
Current Use
Commercial: 1
Investment: 1
Office: 1
Structure Type
Lowrise 1-2 Floors: 1
Possible Use
Commercial: 1
Investment: 1
Medical/Dental: 1
Office: 1
Income & Expenses
Gross Operating Income: 109275
Lot Features
City Lot: 1
Level: 1
Levels
One and One Half: 1
Sewer
Public Sewer: 1
Commercial Features
Business Included: No
Cap Rate: 9.2
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Showing Requirements
Showing: Appointment Required
Appointment Phone: 6628202007
Utilities
Cable Available: 1
Electricity Connected: 1
Natural Gas Available: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Square Footage Description
Ofc. Bldg 10000-50000 SF: 1
Flooring
Tile: 1
Window Features
Tinted Windows: 1
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Entrance: 1
Cooling
Central Air: 1
Heating
Central: 1
Auction
Auction: No
Parking Features
Parking Total: 30
Asphalt: 1
Basement Features
Basement: No
Available Documents
Floor Plan(s): 1
Photographs: 1
Tax Info: 1
Parking Spaces
# Parking Spaces Uncovered: 30
Uncovered Parking?
26-50 Spaces: 1
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
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.