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    431 Monroe Ave Okolona, MS 38860

    For Lease
    Contact for pricing

    Massive industrial space; lease or buy. Ideal for manufacturing & distribution.

    Lot size:
    626,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This expansive industrial property, located at 431 E Monroe Ave in Chickasaw County, offers a total of 626,500 square feet of space available for lease or sale. The property sits on a substantial 51.6 acres of land and features multiple tenancy options, with a minimum divisible space of 28,363 square feet and the potential to lease or purchase the entire 626,500 square feet contiguously. Built in 1985 and extensively renovated in 2008, the building boasts a variety of modern features. These include a new pitched roof, a state-of-the-art fire suppression system, and ample ceiling height ranging from 12'4" to 22'5", providing significant vertical clearance for various industrial uses. The property also includes 95 loading docks for efficient material handling and substantial parking, with 400 standard spaces and 125 trailer spaces. The building's column spacing is 24' x 37'. Power is provided by a robust 7200 KVA system. While the zoning information is currently unavailable, the property's size and features make it suitable for a wide range of manufacturing, warehouse, and distribution operations. The building square footage is subject to remeasurement. Inquire for details.

    Property Features for 431 Monroe Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    626,500 SF

    Building Details

    Year Built/Renovated
    1985/2008

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    626,500 SF

    HighLights

    • 626,500 SF industrial building available for lease or sale in Chickasaw County.
    • Multiple tenants possible, with minimum divisible space of 28,363 SF and up to 626,500 SF contiguous.
    • Entire 626,500 SF currently vacant.
    • 51.6‑acre site.
    • Built in 1985, renovated in 2008.
    • Features 12'4" - 22'5" ceiling heights, 95 loading docks, and 400 standard parking spaces plus 125 trailer spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Okolona
    County
    Chickasaw
    State
    Mississippi
    Longitude
    -88.7355667
    Latitude
    33.9984882

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    FAQs

    What type of property is this?
    Distribution property - Massive industrial space; lease or buy. Ideal for manufacturing & distribution.
    Where is this distribution property located?
    The property is located at 431 Monroe Ave Okolona, MS.
    What are key features of this property?
    This property features: 626,500 SF industrial building available for lease or sale in Chickasaw County.; Multiple tenants possible, with minimum divisible space of 28,363 SF and up to 626,500 SF contiguous.; Entire 626,500 SF currently vacant.
    Request Owner's contact information
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    Okolona, MS 38860
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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
    431 Monroe Ave Okolona, MS 38860
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