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    124 S Main St Ridgely, TN 38080

    For Sale
    $145,000

    COMMERCIAL - Ridgely, TN

    Type:Office
    Property size:
    2,120 SF
    Days on Market:
    185
    Last Refresh:
    Dec 11 at 11:06 am

    Property Features for 124 S Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    APN
    011.00
    Parking
    6
    Size
    2,120 SF

    Building Details

    Year built
    1969
    Floors in Building
    1
    Building materials
    Brick

    Tennessee Realty (731) 589-4555 [email protected]

    Listing agent Nikki Rogers (731) 676-7442 License #333560

    Listing date Jun 10, 2025

    MLS# 242630 Listing URL

    Copyright © 2025 Central West Tennessee Association 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.

    Overview

    Prime Commercial Location in Ridgely

    Located in the heart of Ridgely, Tennessee, this commercial property offers a great business location. The property, previously used as a bank, could be suitable for office or retail use. The building has a size of 2120 square feet and is situated on a lot with an area of 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Department Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgely
    County
    Lake
    State
    Tennessee
    Longitude
    -89.487162
    Latitude
    36.263108

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    FAQs

    What type of property is this?
    Office building - Former bank building in the heart of Ridgely, Tennessee.
    Where is this office building located?
    The property is located at 124 S Main St Ridgely, TN.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Prime business location in the heart of Ridgely.; - Previous bank location.; - Brick construction.
    (731) 676-7442
    Request Owner's contact information
    124 S Main St Ridgely, TN 38080
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    Ridgely, TN 38080
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 S Main St Ridgely, TN 38080
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