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Historic Three-Story Office Building
For Sale
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316 W Commerce St, Hernando, MS 38632

Eight offices, five bathrooms, and separate street access on each floor support flexible commercial occupancy.

Property SizeContact for details
Days on Market143

Property Features for 316 W Commerce St

General Information

Standard status Active
Property subtype Retail
Listing Agency: KW Commercial Memphis Central Southaven
Listed By: Rhodes Thompson · License #MS MS
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 8:45PM

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 KW Commercial Memphis Central Southaven

Investment Insights

Based on property information with market context.

This three-story historic office building occupies the corner of W Commerce Street and Memphis Street at Hernando Square. Interior features include stained glass windows, detailed woodwork, a seven-foot archway, two staircases, a kitchenette, five bathrooms, and eight large offices with views toward the square and courtyard.

The lowest level has direct street access, commercial-grade outlets, and two commercial sinks. Street access on every floor creates the potential for distinct users to occupy separate levels. The building’s porch, architectural detailing, and position on the square add character, while Interstate 55 is approximately one mile away.

Key Highlights

  • Three‑story historic office building at the corner of W Commerce Street and Memphis Street
  • Eight large offices, five bathrooms, kitchenette, and two staircases
  • Stained glass windows, detailed woodwork, seven‑foot archway, and square‑facing front porch

Property Analytics

Current Use

Jennifer Hill - CMG ... Loan Service CMG HOME LOANS Loan Service DeSoto County Greenways ... Association Or Organization

Suggested Use

Top Pick Dental Office Auto Parts Store Furniture & Home Goods Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

638
Businesses Nearby

Demographics for 38632, MS

29,210
Population
12,073
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
92%
High-School Grad
162.3 sq mi
ZIP Area
180
Density / Sq Mi
$90,277
Median Household Income
$53,275
Median Earnings
$1,203
Median Rent
$287,100
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Eight offices, five bathrooms, and separate street access on each floor support flexible commercial occupancy.
Where is this office building located?
The property is located at 316 W Commerce St Hernando, MS.
What are key features of this property?
This property features: Three‑story historic office building at the corner of W Commerce Street and Memphis Street; Eight large offices, five bathrooms, kitchenette, and two staircases; Stained glass windows, detailed woodwork, seven‑foot archway, and square‑facing front porch
More about this property
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