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Historic Work/Live Property on Acreage

11556 Hwy 231 431 N, Meridianville, AL 35759

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For Sale

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Remodeled historic home with business potential on 4.69 acres.

Type:Special Purpose

Property size:

4,124 SF

Lot size:

4.69 Acres

Price / SF:

$217/SF

HighLights

Zoned for diverse work/live opportunities (wedding venue, studio, B&B, business) on 4.69 acres.
Recently remodeled and expanded 4,124SF historic house blending modern comfort with historic elegance.
Features 4 bedrooms, 4 bathrooms, and a game room.
Flexible layout: Main floor suitable for work environment or B&B, with living space on the 2nd floor.
Screened porch access from the eating area overlooking lush landscaping.
Conveniently located 1.2 miles from Madison County Executive Airport.

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Russ Russell

For Sale

Contact for pricing

Remodeled historic home with business potential on 4.69 acres.

Type:Special Purpose

Property size:

4,124 SF

Lot size:

4.69 Acres

Price / SF:

$217/SF

Added:: May 5, 2025
Days on Market:: 420
Last Refresh:: Mar 17 at 1:18 pm

Property Features for 11556 Hwy 231 431 N

General Information

Standard status: Active
Size: 4,124 SF
Lot size: 4.69 Acres
Property subtype: Special Purpose

Building Details

Year Built: 1905

We can help!

Contact an agent

Russ Russell

Listing office Russ Russell Commercial Real Estate

Listing date May 5, 2025

Source Crexi

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 Russ Russell Commercial Real Estate

HighLights

Zoned for diverse work/live opportunities (wedding venue, studio, B&B, business) on 4.69 acres.
Recently remodeled and expanded 4,124SF historic house blending modern comfort with historic elegance.
Features 4 bedrooms, 4 bathrooms, and a game room.
Flexible layout: Main floor suitable for work environment or B&B, with living space on the 2nd floor.
Screened porch access from the eating area overlooking lush landscaping.
Conveniently located 1.2 miles from Madison County Executive Airport.

Overview

This 4,124 square foot property offers a blend of work and living spaces, situated on 4.69 acres. Zoned county, the property presents opportunities for various uses, including a wedding venue, photography studio, bed and breakfast, or professional business. The historic house has been remodeled and expanded, combining traditional elegance with modern comfort. It features 4 bedrooms, 4 bathrooms, and a game room. The layout allows for using the main floor as a work environment while residing on the second floor, or operating a bed and breakfast. A screened porch accessible from the eating area provides a space to enjoy the surrounding landscaping. The property is located 1.2 miles from the Madison County Executive Airport. Additional land is available for sale by the owner.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$82.6k	$20.04
− Vacancy	−$12.4k	−$3.01
EGI	$70.2k	$17.03
− OpEx	−$17.6k	−$4.26
NOI	$52.7k	$12.78

4,124 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$752.7K

$658.6K – $878.1K (±1% cap)

NOI $52,686 @ 7.0% cap · market cap 5.89%

Second Best

Mixed Use

$711.4K

$622.5K – $830.0K (±1% cap)

NOI $49,797 @ 7.0% cap · market cap 5.56%

Theoretical Best

Office A

$1.07M

$939.7K – $1.25M (±1% cap)

NOI $75,172 @ 7.0% cap · market cap 8.40%

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

Property Profile Location Intelligence

Current Use by Public Records

Wedding venues

Suggested Use

Location Insight

Map
Local Demand

City: Meridianville
County: Madison
State: Alabama
Longitude: -86.570944
Latitude: 34.848391

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For sale
Mixed-use properties
AL
Meridianville
35759
11556 Hwy 231 431 N

What type of property is this?

Mixed-use property - Remodeled historic home with business potential on 4.69 acres.

Where is this mixed-use property located?

The property is located at 11556 Hwy 231 431 N Meridianville, AL.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Zoned for diverse work/live opportunities (wedding venue, studio, B&B, business) on 4.69 acres.; Recently remodeled and expanded 4,124SF historic house blending modern comfort with historic elegance.; Features 4 bedrooms, 4 bathrooms, and a game room.