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Laundromat Retail Building
For Sale
$895,000

315 2nd Street, Indianola, MS 38751

Commercial Sale, Indianola, MS

Property Size8,000 SF
Lot Size0.79 Acres
Price / SF$111.88
Days on Market230

Property Features for 315 2nd Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description C2
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Parking features Parking Lot
Subdivision Indianola
Standard status Active
APN 119p-31-00-129.00
Size 8,000 SF
Lot size 0.79 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT LOT 5 (220X156) - BLK N - ORIGINAL TOWN * PB F/107 * OLD PCL:3119P0007100 N0001400
Tax Annual Amount 5535
Legal Description PT LOT 5 (220X156) - BLK N - ORIGINAL TOWN * PB F/107 * OLD PCL:3119P0007100 N0001400

Utilities

Sewer type Public Sewer
Heating system Central, Natural Gas
Cooling system Central Air
Water source Public

Amenities

security system
tankless hot water system
2 x 5 Ton HVAC

Building Details

Flooring type Concrete
Listing Agency: Tom Smith Land & Homes
Listed By: Emerson Lovelace · License #S49193
Added: Mar 14 Changed: Oct 8 Last Checked: Oct 29 at 4:06AM
MLS# 4142401

Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 8,000-square-foot retail building operates as a laundromat and includes additional retail rental space. Built in 1980, the building received a complete renovation in 2023, including new electrical, plumbing, and roof. Laundry equipment includes four T-300, four T-600, four T-900, and two T-1200 washers, along with 14 T50x2 dryers equipped with card readers. The facility also has a FasCard card system with F3 readers, coin and card payment, a bill changer, a tankless hot water system, security system, and two 5-ton HVAC units.

The property occupies a 0.79-acre corner lot in Indianola and is zoned C2 - Community Commercial. The reported MSDOT daily traffic count is 4,300. Public water and sewer serve the property, and on-site parking is provided.

Key Highlights

  • 8,000‑square‑foot retail building operating as a laundromat
  • 0.79‑acre corner lot with C2 - Community Commercial zoning
  • Complete building renovation in 2023, including new electrical, plumbing, and roof

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

King Laundry (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Hair Salon Auto Parts Store 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.

Lease Details

4,300 VPD
Traffic count
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

469
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Retail space - Renovated in 2023, the property includes coin-and-card laundry equipment and additional retail rental space.
Where is this retail space located?
The property is located at 315 2nd Street Indianola, MS.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 8,000‑square‑foot retail building operating as a laundromat; 0.79‑acre corner lot with C2 - Community Commercial zoning; Complete building renovation in 2023, including new electrical, plumbing, and roof
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