Brick Restaurant
For Sale
$2,500,000
97 First Street, Grenada, MS 38901
COMMERCIAL - GRENADA, MS
Property Size5,400 SF
Price / SF$462.96
Days on Market48
Property Features for 97 First Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Elementary school district
Grenada
Middle school district
Grenada
High school district
Grenada
Subdivision
Southwest
Standard status
Active
Size
5,400 SF
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Amenities
open-air courtyard
Building Details
Year built
1900
Building materials
Brick
Listing Agency:
McMinn Realty
(662) 473-0535
Listed By:
Tommy Jones · License #187_130
(662) 417-8714
Added: Jul 24
Changed: Aug 4
Last Checked: Sep 9 at 4:06AM
MLS# 168088
Copyright © 2026 North Central Mississippi 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.
A brick restaurant portfolio featuring 13 properties spanning two blocks, offered as a single portfolio purchase. The mix includes established income-producing tenants and uses such as a bank, professional offices, retail shops, loft apartments, a restaurant, a bar, an open-air courtyard, and the First & Green event venue. Additional storefronts provide space for future growth. Total property size is 5,400 square feet, with heating provided by natural gas and cooling via central air and electric systems. Built in 1900.
The portfolio is positioned along Interstate 55 between Memphis and Jackson and is located within Grenada’s certified historic district, where the properties may qualify for state and federal historic preservation tax credits. The properties sit on one of the busiest corners of the historic courthouse square at 97 First Street, Grenada, MS 38901.
The portfolio is positioned along Interstate 55 between Memphis and Jackson and is located within Grenada’s certified historic district, where the properties may qualify for state and federal historic preservation tax credits. The properties sit on one of the busiest corners of the historic courthouse square at 97 First Street, Grenada, MS 38901.
Key Highlights
- Thirteen‑property portfolio spanning two blocks
- Includes restaurant, bar, First & Green event venue, open‑air courtyard, and additional storefronts
- Within Grenada’s certified historic district with potential state and federal historic preservation tax credits
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38901, MS
18,282
Population
8,831
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
85%
High-School Grad
242.0 sq mi
ZIP Area
76
Density / Sq Mi
$46,956
Median Household Income
$31,330
Median Earnings
$811
Median Rent
$139,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Thirteen downtown Grenada properties include restaurants, retail, offices, and event space with natural gas heating and central air.
Where is this conventional restaurant located?
The property is located at 97 First Street Grenada, MS.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Thirteen‑property portfolio spanning two blocks; Includes restaurant, bar, First & Green event venue, open‑air courtyard, and additional storefronts; Within Grenada’s certified historic district with potential state and federal historic preservation tax credits
