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Peerless Wool Mill Redevelopment
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555 McFarland Ave, Rossville, GA 30741

Historic mill undergoing revitalization into a mixed-use community hub.

Space Size7,650 SF - 43,350 SF
Property Size1,500,000 SF
Lot Size32.00 Acres
Days on Market1498

Property Features for 555 McFarland Ave

General Information

Standard status Active
Size 7,650 SF - 43,350 SF
Class D
Total Parking Spaces 200
Lot size 32.00 Acres
Property subtype Retail, Industrial, Office
Lease Type NNN

Building Details

Building Size 1,500,000 SF
Year Built 1910
Tenancy Multiple

Spaces For Lease

at 555 McFarland Ave Contact us

Building 10, 11, 12

Size
18,900 SF
Type
Industrial, Office, Retail
Lease Type
Gross
Availability
Active
Contact us

Building 21

Size
43,350 SF
Type
Industrial, Office
Lease Type
NNN
Availability
Active
Contact us

Building 27

Size
19,800 SF
Type
Industrial, Office, Retail
Lease Type
NNN
Availability
Active
Contact us

Building 25 (Brewery, Taproom)

Size
7,650 SF
Type
Industrial, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: The Cauble Group
Listed By: Tyler Cauble · License #328757
Source: Crexi
Added: Jul 5, 2022 Changed: Aug 10 Last Checked: Aug 10 at 8:30AM

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 The Cauble Group

Investment Insights

Based on property information with market context.

The Peerless Wool Mill, constructed in the early 1900s, is undergoing redevelopment to revitalize the city of Rossville. Once one of the region's oldest and largest mills, employing approximately 3,000 people, the 1.5 million-square-foot complex on 32 acres aims to become a walkable, mixed-use town center. Located 10 minutes south of Downtown Chattanooga, the site's initial phase focuses on attracting light industrial, storage, and brewery tenants to activate the space. Plans also include food trucks, festivals, temporary studios for film, photography, and music, along with a dog park and outdoor sports court. The second phase will transition the mill into a mixed-use hub with retail, residential, event, and fitness components, creating a live-work community. The final phase will introduce tourism and office spaces. The mill previously manufactured textile products, including wool blankets for soldiers during World War II, before largely shutting down in the late 1960s after a fire.

Key Highlights

  • Part of a large‑scale redevelopment project revitalizing the city of Rossville, GA.
  • Located only 10 minutes south of Downtown Chattanooga.
  • Mixed‑use development including retail, residential, event, and fitness components.**

Property Analytics

Current Use

River City Recycling Local Government Office Peerless Mill Business Park Architectural Metal Designs Factory

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Spa & Massage Center Building Supply Pharmacy

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

124
Businesses Nearby

Demographics for 30741, GA

30,309
Population
14,083
Households
2.2
Avg Household Size
41
Median Age
19%
College-Educated
83%
High-School Grad
24.9 sq mi
ZIP Area
1,217
Density / Sq Mi
$52,117
Median Household Income
$33,691
Median Earnings
$965
Median Rent
$156,700
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic mill undergoing revitalization into a mixed-use community hub.
Where is this mixed-use property located?
The property is located at 555 McFarland Ave Rossville, GA.
What are key features of this property?
This property features: Part of a large‑scale redevelopment project revitalizing the city of Rossville, GA.; Located only 10 minutes south of Downtown Chattanooga.; Mixed‑use development including retail, residential, event, and fitness components.**
(615) 574-8060 Call to check price and availability
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