606 Second St Indianola, MS 38751
This exceptional owner-occupied industrial warehouse, situated on a 2.82-acre lot in Indianola, Mississippi, presents a compelling redevelopment opportunity. The 41,474-square-foot single-story building, constructed in 1985 and extensively renovated in 2014, boasts a 20-foot ceiling height, 12 loading docks, and 8 dock-high doors. Improvements completed in 2014 included roof repair, electrical upgrades with LED lighting, a new sprinkler system, electronic gates, exterior cameras, and parking lot resurfacing. The property features approximately 44 square feet of finished office space. The site includes two adjoining parcels (Parcel Nos: 119Q-32-00-086.00 and 119-32-00-085.01), with one parcel primarily used for a concrete parking lot, signage, and minimal landscaping. Located on 2nd Street, approximately one block west of Highway 49, the property offers 243.78 feet of frontage. The property is zoned I-2 (Heavy Industrial District), allowing for a variety of uses. Situated in Flood Zone X, it's not located in a designated flood area. This property is being offered for sale by owner. The sale includes two adjoining parcels totaling 2.82 acres.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.