Fully Occupied Shopping
Hwy 231 N, Midland City, AL 36350
For Sale
$2,950,000
Pending
Commercial Sale, Midland City, AL
Property SizeContact for details
Lot Size4.00 Acres
Days on Market504
Property Features for Hwy 231 N
General Information
Property type
Property subtype
Subdivision
Standard status
APN
Lot size
Building Details
Year built
Floors in Building
Listing Agency:
Weichert Realtors JBR Legacy Group
(334) 794-7211
Listed By:
Dwayne Bowman · License AL #72750
(334) 796-4903
Added: Jun 25, 2025
Changed: Oct 18
Last Checked: Nov 10 at 9:06PM
MLS# 204165
Copyright © 2026 Southeast Alabama 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center is a multi-tenant commercial property with 11 occupied spaces serving a range of daily-needs and professional uses. Existing occupants include a grocery store, pharmacy, doctor's office, restaurant, and several professional offices. The property was built in 1985 and occupies 4 acres, with a large parking area supporting customer and employee access.
Positioned at a prominent corner along Hwy 231 N in Midland City, the center benefits from a visible roadside setting and steady traffic exposure. The sale excludes the Shell Station and two outparcels, which are separate properties. The combination of established occupancy, varied tenant uses, and a sizable commercial site defines the offering.
Positioned at a prominent corner along Hwy 231 N in Midland City, the center benefits from a visible roadside setting and steady traffic exposure. The sale excludes the Shell Station and two outparcels, which are separate properties. The combination of established occupancy, varied tenant uses, and a sizable commercial site defines the offering.
Key Highlights
- 11 occupied tenant spaces
- 4‑acre shopping center site
- Grocery store, pharmacy, doctor's office, restaurant, and professional offices
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36350, AL
7,475
Population
3,382
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
78%
High-School Grad
77.3 sq mi
ZIP Area
97
Density / Sq Mi
$55,179
Median Household Income
$36,083
Median Earnings
$780
Median Rent
$169,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with diverse commercial occupants, substantial customer parking, and a prominent corner position.
Where is this shopping center located?
The property is located at Hwy 231 N Midland City, AL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 11 occupied tenant spaces; 4‑acre shopping center site; Grocery store, pharmacy, doctor's office, restaurant, and professional offices
