Mixed-Use Building with
New
For Sale
$230,000
1011 E Peace St, Canton, MS 39046
C-2 zoning and a renovated upstairs residence complement the building’s ground-floor commercial area.
Property Size2,837 SF
Price / SF$81.07
Days on Market3
Property Features for 1011 E Peace St
General Information
Standard status
Active
Size
2,837 SF
Zoning
C-2
Building Details
Year Built
1959
Buildings
1
Stories
2
Listing Agency:
Tom Smith Land & Homes
Listed By:
Chance T Persac · License #S61513
(601) 955-4587
Source:
Fiorellaavenue
Added: Oct 11
Last Checked: Sep 29 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tom Smith Land & Homes
Investment Insights
Based on property information with market context.
This 2,837-square-foot mixed-use property in Canton combines commercial space with an apartment. The 1,963-square-foot main level has a full bathroom and a layout suited to retail, office, studio, or showroom use. The renovated 874-square-foot apartment upstairs includes two bedrooms, one bathroom, and a full kitchen. The building has an established mixed-use history and is zoned C-2.
The property is in downtown Canton, minutes from the historic Canton Square, restaurants, shops, and other local businesses. Its downstairs walls retain cast signatures from the filming of A Time to Kill, including those of Matthew McConaughey, Sandra Bullock, Kevin Spacey, and Kiefer Sutherland.
The property is in downtown Canton, minutes from the historic Canton Square, restaurants, shops, and other local businesses. Its downstairs walls retain cast signatures from the filming of A Time to Kill, including those of Matthew McConaughey, Sandra Bullock, Kevin Spacey, and Kiefer Sutherland.
Key Highlights
- 2,837‑square‑foot mixed‑use property with commercial space and an upstairs apartment
- Main level measures 1,963 square feet and includes a full bathroom
- Renovated 874‑square‑foot apartment has 2 bedrooms, 1 bathroom, and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,150
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,000
$383.0K
Cap Rate 7%
$273,571
$273.6K
Cap Rate 9%
$212,778
$212.8K
Market Conditions
NOI Build-Up for 2,837 SF
Gross rent
$34.0K $12.00/SF
− Vacancy
−$3.4K −$1.20/SF
EGI
$30.6K $10.80/SF
− OpEx
−$11.5K −$4.05/SF
NOI
$19.1K $6.75/SF
Area
Madison County, MS
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,000
Cap Rate 7%
$273,571
Cap Rate 9%
$212,778
Alternative Uses
Best Use
Retail
$394.5K
$345.2K – $460.2K
NOI $27,614 @ 7.0% cap · market cap 12.01%
Second Best
Mixed Use
$273.6K
$239.4K – $319.2K
NOI $19,150 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$617.6K
$540.4K – $720.5K
NOI $43,230 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 25%
Dining 23%
Home Improvements & Furnishings 1%
Wendy's
Dining
13,399 visits/mo
0.3 miles
Circle K
Shops & Services
13,202 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,613 visits/mo
0.2 miles
Dollar General Market
Groceries
9,140 visits/mo
0.3 miles
Save-A-Lot
Groceries
7,698 visits/mo
0.1 miles
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 zoning and a renovated upstairs residence complement the building’s ground-floor commercial area.
Where is this mixed-use property located?
The property is located at 1011 E Peace St Canton, MS.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 2,837‑square‑foot mixed‑use property with commercial space and an upstairs apartment; Main level measures 1,963 square feet and includes a full bathroom; Renovated 874‑square‑foot apartment has 2 bedrooms, 1 bathroom, and a full kitchen
