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Property profile & analytics
OFF-MARKET
Manufacturing properties

1140 16th St Chattanooga, TN 37408-2301

9,528 SF 1 ac lot Built 1947
Trust Owned 7-yr Hold Free & Clear
Property ID
US80-0220311
Property summary
AI-generated overview

The Mill, a historic 1912 Class B office building in Chattanooga, TN (37408), offers flexible office space options. Located at 1140 E 16th St, this property features a total of 50,264 square feet, with spaces ranging from 1,099 to 3,261 contiguous square feet available for lease. The building is zoned UGC and offers multiple tenancy options, making it suitable for a variety of businesses. Several configurations are available, including shell space ideal for build-outs to suit specific needs, and fully built-out suites (101 and 102) featuring conference rooms and individual offices in turnkey condition. The property sits on one acre of land and includes 77 on-site parking spaces. While elevators are not present, tenant improvements may be negotiated depending on lease terms and intended use. This unique property, formerly an event space, presents a compelling opportunity for businesses seeking a blend of historic charm and modern adaptability in a vibrant Chattanooga location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1947
Total area 9,528 SF
Lot 1 ac (43,560 SF)
Zoning code M1
APN 146P K 004 C002
UPID US80-0220311
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Joseph,lipsey III Tennessee Trust · 7 yrs held
Joseph,lipsey III Tennessee Trust
since 2018
7 recorded transactions
2021
Price N/A
2018
$25,000
2015
$2.1M
2009
$120,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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