Historic Downtown Retail and
For Sale
$2,750,000
111-115 N Main Street, Mooresville, NC 28115
Historic two-story storefront with mezzanine and full basement, plus an attached single-story warehouse with interior dock.
Property Size1,900 SF
Price / SF$274.92
Days on Market99
Property Features for 111-115 N Main Street
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Retail
Additional Details
Dock-High Doors
2
Amenities
freight elevator
Public Sewer
Additional parcels description:, Parcel Number: 4667-11-1876, Assessed Value: $378,720
Concrete, Wood
Listing ID: CAR4406072, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, 3 days on market, Special Conditions: None
Display Window(s)
Interior Entry, Storage Space, Unfinished
Built in 1900, Living area: 10003, 2 buildings, Construction Materials: Brick Full, Stone
County/Parish: Iredell
Electricity Connected, Water Source: City
Basement, Slab
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Lake Norman Realty, Inc
(704) 655-2600
Listed By:
Nikki Robinson · License #282886
(704) 615-1722
Source:
Blackstreaminternational
Added: Jul 24
Changed: Oct 15
Last Checked: Oct 28 at 7:05AM
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 Lake Norman Realty, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes a two-story in-line commercial building and a single-story attached warehouse. The N. Main Street building contains 4 levels of heated space, featuring soaring 17-foot ceilings, a mezzanine, an entire second floor, and a full basement with 7-foot ceilings. All four levels are served by a freight elevator. Historic interior details referenced in the remarks include hardwood floors, original millwork, and vintage fixtures.
A single-story warehouse occupies the rear of the property with an interior dock, two loading doors, and an 11-foot ceiling height. The warehouse has interior access through the storefront and exterior access along E. Center Avenue.
The building is described as being constructed circa 1899 and is presented as an existing, landmark property in Downtown Mooresville’s Historic District.
A single-story warehouse occupies the rear of the property with an interior dock, two loading doors, and an 11-foot ceiling height. The warehouse has interior access through the storefront and exterior access along E. Center Avenue.
The building is described as being constructed circa 1899 and is presented as an existing, landmark property in Downtown Mooresville’s Historic District.
Key Highlights
- Historic downtown Mooresville commercial building constructed circa 1899 (year built listed: 1900).
- N. Main Street building offers 2,632 SF heated area with 17‑foot ceilings, mezzanine, full basement with 7' ceilings, and a second floor.
- All 4 levels are served by one of the state's oldest freight elevators.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,803
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,456,060
$2.5M
Cap Rate 7%
$1,754,329
$1.8M
Cap Rate 9%
$1,364,478
$1.4M
Market Conditions
NOI Build-Up for 10,003 SF
Gross rent
$189.7K $18.96/SF
− Vacancy
−$14.2K −$1.42/SF
EGI
$175.4K $17.54/SF
− OpEx
−$52.6K −$5.26/SF
NOI
$122.8K $12.28/SF
Area
Iredell County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,456,060
Cap Rate 7%
$1,754,329
Cap Rate 9%
$1,364,478
Alternative Uses
Best Use
Retail
$1.75M
$1.54M – $2.05M
NOI $122,803 @ 7.0% cap · market cap 4.47%
Second Best
Warehouse
$1.04M
$908.7K – $1.21M
NOI $72,697 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,386 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28115, NC
43,413
Population
17,427
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
74.6 sq mi
ZIP Area
582
Density / Sq Mi
$86,724
Median Household Income
$46,921
Median Earnings
$1,193
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Willow Branch Flowers — 618 N Main St, Mooresville, NC 28115
Frequently Asked Questions
What type of property is this?
Storefront property - Historic two-story storefront with mezzanine and full basement, plus an attached single-story warehouse with interior dock.
Where is this storefront property located?
The property is located at 111-115 N Main Street Mooresville, NC.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Historic downtown Mooresville commercial building constructed circa 1899 (year built listed: 1900).; N. Main Street building offers 2,632 SF heated area with 17‑foot ceilings, mezzanine, full basement with 7' ceilings, and a second floor.; All 4 levels are served by one of the state's oldest freight elevators.
