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Historic Two-Story Restaurant Building
New
For Sale
$279,000

108 S Commerce St, Ripley, MS 38663

COMMERCIAL - Ripley, MS

Property Size5,746 SF
Lot Size0.09 Acres
Price / SF$48.56
Days on Market3

Property Features for 108 S Commerce St

General Information

Property type Commercial Sale
Property subtype Other
Directions Property is located just off the south side of the courthouse square.
Subdivision Tippah
Standard status Active
Size 5,746 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Description S PT LOT 6 BLK 22 / SEC 14-4-3 / PPIN 10754 / 3-643F-14-292.00 / TD 5320
Tax Annual Amount 4007
Legal Description S PT LOT 6 BLK 22 / SEC 14-4-3 / PPIN 10754 / 3-643F-14-292.00 / TD 5320

Building Details

Year built 1910
Floors in Building 2
Flooring type Hardwood
Building materials Brick Stucco
Listing Agency: Tomlinson Realty Group, LLC
Listed By: Ben Tomlinson · License #B-18378
Added: Aug 5 Last Checked: Aug 7 at 8:06AM
MLS# 26-2819

Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1910, this two-story brick-and-stucco restaurant property combines historic character with a substantial set of operating improvements. The building was remodeled in 2006 and retains original hardwood flooring across both levels. Interior features include spacious dining and event areas, a fully equipped commercial kitchen, a walk-in cooler, and a dedicated area configured for an ice cream shop, coffee bar, bakery, or dessert cafe.

Restaurant furnishings and operational contents remain, including most kitchen equipment, utensils, glassware, tables, and chairs. The property also provides seating for approximately 175 guests and covered outdoor dining areas with decorative wrought-iron railings on the second floor. Its recorded uses over time have included restaurant, event, retail, manufacturing, and entertainment operations, supporting a range of commercial concepts within the existing building.

Key Highlights

  • Two‑story brick‑and‑stucco commercial building constructed in 1910
  • Remodeled in 2006 while retaining original hardwood floors
  • Seating capacity for approximately 175 guests

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Bakery Locksmith Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

426
Businesses Nearby
Balanced
Demand for This Use

Demographics for 38663, MS

11,561
Population
5,665
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
82%
High-School Grad
189.2 sq mi
ZIP Area
61
Density / Sq Mi
$52,298
Median Household Income
$35,950
Median Earnings
$685
Median Rent
$137,600
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restored commercial property with a commercial kitchen, event areas, and furnishings suited to restaurant or venue operations.
Where is this conventional restaurant located?
The property is located at 108 S Commerce St Ripley, MS.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two‑story brick‑and‑stucco commercial building constructed in 1910; Remodeled in 2006 while retaining original hardwood floors; Seating capacity for approximately 175 guests
More about this property
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