Two-Story Historic Storefront
For Sale
Contact for pricing
111-115 N Main, Mooresville, NC 28115
Historic downtown storefront building with soaring ceilings, mezzanine space, and a freight elevator serving four levels.
Property Size10,000 SF
Price / SF$224.93
Days on Market88
Property Features for 111-115 N Main
General Information
Standard status
Active
Size
10,000 SF
Property subtype
RETAIL
Site & Location
End Cap
No
Road Access
Yes
Warehouse & Industrial
Clear Height
11 ft
Warehouse Space
3,608 SF
Building Details
Year Built
1899
Buildings
2
Stories
2
Building Size
10,000 SF
Construction
granite and brick
Tenancy
Single
Listing Agency:
Lake Norman Realty Inc
(704) 892-9673
Listed By:
Nikki Robinson · License #282886
(704) 615-1722
Source:
Moodyscre
Added: Jul 24
Changed: Oct 16
Last Checked: Oct 19 at 8:14AM
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
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Investment Insights
Based on property information with market context.
This offering includes a 10,000 SF, two-story in-line commercial building and an attached single-story warehouse. The N. Main Street building features 3,688 SF of heated area, 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.
A single-story warehouse sits to the rear, offering 3,608 SF with an interior dock, two loading doors, and 11-foot ceiling height. Interior access to the warehouse is through the storefront, with exterior access along E. Center Avenue.
Constructed circa 1899, the property retains much of its original architectural character and historic significance, including original millwork and vintage fixtures, hardwood floors, and a rusticated granite and brick facade.
A single-story warehouse sits to the rear, offering 3,608 SF with an interior dock, two loading doors, and 11-foot ceiling height. Interior access to the warehouse is through the storefront, with exterior access along E. Center Avenue.
Constructed circa 1899, the property retains much of its original architectural character and historic significance, including original millwork and vintage fixtures, hardwood floors, and a rusticated granite and brick facade.
Key Highlights
- Circa 1899 historic two‑story storefront building
- 3,688 SF heated area with 17‑foot ceilings and mezzanine
- Four levels served by one freight elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,803
Cap Rate
5.46%
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 5.46%
Second Best
Warehouse
$1.04M
$908.7K – $1.21M
NOI $72,697 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,386 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
11 ft
Clear height
Single-tenant
Tenancy
Yes
Paved road access
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
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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 downtown storefront building with soaring ceilings, mezzanine space, and a freight elevator serving four levels.
Where is this storefront property located?
The property is located at 111-115 N Main Mooresville, NC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Circa 1899 historic two‑story storefront building; 3,688 SF heated area with 17‑foot ceilings and mezzanine; Four levels served by one freight elevator
