Grain Storage and Distribution
For Sale
$210,000
206 E Prentiss St, Baldwyn, MS 38824
COMMERCIAL - Baldwyn, MS
Property Size1,645 SF
Lot Size1.70 Acres
Price / SF$127.66
Days on Market98
Property Features for 206 E Prentiss St
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Go to downtown Baldwyn. Drive east on Prentiss Street and the grain bins will be straight ahead before you see the railroad track. Or you can drive east on Clayton Street and the grain bins will be on your left (north) right before you get to the railroad track.
Subdivision
Prentiss County
Standard status
Active
Size
1,645 SF
Lot size
1.70 Acres
Taxes and HOA fees
Tax Description
3 parcels in the SE 1/4 of the SE 1/4 of Section 35, Township 6, Range 6
Tax Annual Amount
1050
Legal Description
3 parcels in the SE 1/4 of the SE 1/4 of Section 35, Township 6, Range 6
Utilities
Heating system
Space Heater
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete
Building materials
Wood/Vinyl Siding
Listing Agency:
COLDWELL BANKER SOUTHERN REAL ESTATE · Coldwell Banker Real Estate
(662) 620-2232
Listed By:
DUKE LODEN · License #B-13789
(662) 620-2214
Added: Apr 24
Changed: Jul 27
Last Checked: Jul 30 at 7:06PM
MLS# 26-1471
Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Former grain elevator and storage facility located on three parcels totaling approximately 1.7 acres in downtown Baldwyn. The site includes an office building expanded to approximately 525 square feet and multiple utility buildings and sheds. There are two metal sheds and 10 grain storage bins with varying capacities, totaling approximately 151,392 cubic feet, along with two operational truck scales.
The parcels are north of East Clayton Street and run along the Kansas City Southern Railroad. The property offers 82 feet of street frontage along East Clayton Street, and there appears to be a gravel road easement to North Second Avenue and Prentiss Street.
Originally constructed in 1980, the facility includes office and storage improvements, with a vinyl-sided office building and a metal sloped roof. The storage infrastructure is supported by the on-site truck scales, reflecting a layout built for bulk storage and loading operations.
The parcels are north of East Clayton Street and run along the Kansas City Southern Railroad. The property offers 82 feet of street frontage along East Clayton Street, and there appears to be a gravel road easement to North Second Avenue and Prentiss Street.
Originally constructed in 1980, the facility includes office and storage improvements, with a vinyl-sided office building and a metal sloped roof. The storage infrastructure is supported by the on-site truck scales, reflecting a layout built for bulk storage and loading operations.
Key Highlights
- Former grain elevator and storage facility in downtown Baldwyn on three parcels totaling approx. 1.7 acres
- 82 ft of street frontage along East Clayton Street, with parcels north of East Clayton Street along the Kansas City Southern Railroad
- Storage capacity of grain bins totaling approx. 151,392 cu ft, with individual capacities ranging from 4,000 to 36,480 cu ft
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.6k | $9.48 |
| − Vacancy | −$1.1k | −$0.64 |
| EGI | $14.5k | $8.84 |
| − OpEx | −$2.2k | −$1.33 |
| NOI | $12.4k | $7.51 |
1,645 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$176.5K
$154.4K – $205.9K
NOI $12,354 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$145.3K
$127.2K – $169.6K
NOI $10,174 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$308.9K
$270.3K – $360.4K
NOI $21,626 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 38824, MS
7,788
Population
3,642
Households
2.1
Avg Household Size
42
Median Age
13%
College-Educated
80%
High-School Grad
146.8 sq mi
ZIP Area
53
Density / Sq Mi
$46,753
Median Household Income
$36,482
Median Earnings
$598
Median Rent
$94,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Former grain elevator and storage facility with multiple sheds, grain bins, and two operational truck scales on three parcels.
Where is this distribution center located?
The property is located at 206 E Prentiss St Baldwyn, MS.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Former grain elevator and storage facility in downtown Baldwyn on three parcels totaling approx. 1.7 acres; 82 ft of street frontage along East Clayton Street, with parcels north of East Clayton Street along the Kansas City Southern Railroad; Storage capacity of grain bins totaling approx. 151,392 cu ft, with individual capacities ranging from 4,000 to 36,480 cu ft
