Mixed-Use Building with Upstairs
1011 E Peace Street, Canton, MS 39046
For Sale
$230,000
Commercial Sale, Canton, MS
Property Size2,837 SF
Lot Size0.17 Acres
Price / SF$81.07
Days on Market47
Property Features for 1011 E Peace Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Lot features
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Roof type
Buildings
Listing Agency:
Tom Smith Land & Homes
(601) 898-2772
Listed By:
Chance T Persac · License #S61513
(601) 955-4587
Added: Sep 24
Changed: Oct 30
Last Checked: Nov 9 at 6:06AM
MLS# 4163485
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,837-square-foot mixed-use property has a 1,963-square-foot main floor with a full bathroom and a separate 874-square-foot apartment above. The renovated apartment includes two bedrooms, a bathroom, and a full kitchen. Cast signatures from the filming of A Time to Kill remain on the walls. The building dates to 1959 and sits on a 0.17-acre lot, with C-2 zoning.
Situated in downtown Canton, the property is minutes from Canton Square, restaurants, shops, and other local businesses. Public water and sewer serve the site. Cooling consists of ceiling fans and window units, and the roof is metal.
Situated in downtown Canton, the property is minutes from Canton Square, restaurants, shops, and other local businesses. Public water and sewer serve the site. Cooling consists of ceiling fans and window units, and the roof is metal.
Key Highlights
- 2,837 square feet across the main floor and upper apartment
- Main floor measures 1,963 square feet and includes a full bathroom
- Renovated 874‑square‑foot apartment with 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.
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Property Analytics
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Open Analytics
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
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View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A renovated two-bedroom apartment complements the commercial space on the main floor.
Where is this mixed-use property located?
The property is located at 1011 E Peace Street 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 feet across the main floor and upper apartment; Main floor measures 1,963 square feet and includes a full bathroom; Renovated 874‑square‑foot apartment with 2 bedrooms, 1 bathroom, and a full kitchen
