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Downtown Restaurant with Event Space
For Sale
$235,000

112 Court Ave, Indianola, MS 38751

C2-zoned commercial property with furnishings, trade fixtures, and adjoining space for events, office, or retail use.

Property Size7,120 SF
Lot Size0.17 Acres
Price / SF$33.01
Days on Market43

Property Features for 112 Court Ave

General Information

Standard status Active
Size 7,120 SF
Lot size 0.17 Acres
Zoning C2

Additional Details

Furnished Yes

Amenities

Large Event Space

Building Details

Year Built 1924
Listing Agency: Tom Smith Land & Homes
Listed By: Emerson Lovelace · License #S49193
Source: Fiorellaavenue
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 30 at 6:48PM

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 Tom Smith Land & Homes

Investment Insights

Based on property information with market context.

This downtown restaurant property contains approximately 7,120 square feet on a 0.17-acre lot and is offered as a two-parcel sale. The property includes an adjoining large event area, along with furniture and trade fixtures that remain onsite. An itemized inventory is available for both categories. Built in 1924, the building supports restaurant operations while also presenting office and retail potential. The property is zoned C2, Community Commercial, allowing the existing restaurant format and the additional use possibilities identified in the property information.

Key Highlights

  • Approximately 7,120 square feet on a 0.17‑acre lot
  • C2 (Community Commercial) zoning
  • Two‑parcel sale in downtown Indianola

Property Analytics

Current Use

Nola Restaurant Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Hair Salon Dental Office Kitchen & Bath Showroom

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

465
Businesses Nearby
Under-served
Demand for This Use

Demographics for 38751, MS

10,682
Population
4,383
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
81%
High-School Grad
163.0 sq mi
ZIP Area
66
Density / Sq Mi
$42,965
Median Household Income
$31,478
Median Earnings
$760
Median Rent
$126,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • China King Buffet 201 US-82 N, Indianola, MS 38751

Frequently Asked Questions

What type of property is this?
Conventional restaurant - C2-zoned commercial property with furnishings, trade fixtures, and adjoining space for events, office, or retail use.
Where is this conventional restaurant located?
The property is located at 112 Court Ave Indianola, MS.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Approximately 7,120 square feet on a 0.17‑acre lot; C2 (Community Commercial) zoning; Two‑parcel sale in downtown Indianola
More about this property
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