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    153 Mcillwain Rd Holladay, TN 38341

    For Sale
    $269,000

    Large building, 3.33 acres, high potential.

    Property size:
    4,624 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property, located at 153 Mcillwain Rd N in Holladay, Tennessee, presents a compelling investment opportunity. The 4,624 square foot building sits on a generous 3.33-acre lot, offering significant potential for a variety of uses. Previously operated as a bar and grill, the property is well-suited for repurposing as an event venue, indoor flea market, or similar commercial enterprise. The building features a walk-in cooler, office space, and a stage area, ideal for live entertainment. Existing kitchen equipment and tables/chairs are included in the sale. The structure boasts a durable metal roof and concrete floors. The property is serviced by a septic system and utilizes propane heating. While the building was previously leased, financial records are unavailable. This property is being sold "AS IS," with no repairs to be made by the seller. Its prime location near I-40 provides excellent visibility and accessibility. This is a rare opportunity to acquire a substantial commercial property with significant upside potential in a desirable location. Serious inquiries only.

    Property Features for 153 Mcillwain Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,624 SF
    Lot Size
    145,055 SF

    Building Details

    Year Built
    1995
    Property Profile Location Intelligence

    Current Use by Public Records

    Teazers Bar Diamond's Bar & Grill Bar & Grill

    Suggested Use

    Restaurant Auto Parts Store Hotel & Motel Bar & Pub Discount Store Electronics Store Computer & Electronic Repair Tech Support Center Auto Repair Shop Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holladay
    County
    Decatur County, TN
    State
    Tennessee
    Longitude
    -88.08261
    Latitude
    35.83722

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Large building, 3.33 acres, high potential.
    Where is this mixed-use property located?
    The property is located at 153 Mcillwain Rd Holladay, TN.
    What is the asking price?
    The asking price for this property is $269,000.
    (731) 584-7777
    Request Owner's contact information
    153 Mcillwain Rd Holladay, TN 38341
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    Holladay, TN 38341
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    153 Mcillwain Rd Holladay, TN 38341
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