562 Windmill St Grenada, MS 38901-9383
This exceptional commercial property, located at 562 Windmill Street in Grenada, Mississippi, presents a unique investment opportunity. The 2,300 square foot building, constructed in 1966, sits on commercially zoned land (APN: 109z 32 08500) and is priced at $265,000 ($115.22 per square foot). The property boasts a versatile layout, combining approximately 600 square feet of indoor office space with roughly 1,700 square feet of shop space. Features include two large bay doors—one with a loading dock and the other with a ramp—enhancing functionality and accessibility. The shop area also includes a convenient half bath. The property is fully fenced with a remote-control gate, ensuring security. Inside, you'll find three separate office spaces, a kitchenette, and an additional half-bath. An 8-camera security system is included in the sale. The property offers easy access, with doors measuring 10-15 feet in height, and two employee restrooms are available. This prime location, just off Highway 51, offers high visibility and excellent potential for a variety of businesses. This is a turnkey opportunity for an entrepreneur seeking a well-equipped and secure commercial space.
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Diamond K Tower Company Telecommunications Service Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.