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203 W Peace St Canton, MS
$ 495,000
Property Attributes
  • MLS#338770
  • TypeCommercial
  • CountyMADISON
  • CityCanton
  • AreaMadison
  • Zip39046
  • StyleRetail
  • Price$ 495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11000
Listing Provided Courtesy Of:
JD Johnson Realty, LLC
Data Source:
Central Mississippi REALTORS® (CMRMLS) - 387 - MS
Property Description

Located on the Historic Canton Square, the Iupe Building was built in 1896, is listed on the National Register of Historic Places and is located in Canton’s Historic Downtown Area. This iconic and architecturally impressive two story brick building provides a wealth of unique opportunities while being minutes away from the Nissan Parkway and the I-55/Highway 22 Corridor. Situated on the corner of Peace St. and Union St., The Iupe Building virtually intersects with such highways as Hwy 16, 22, 43 and 51 and Interstate 55. Peace Street is the main thoroughfare thru town and transitions from Hwy 16 to Hwy 22. The Interstate 55/Hwy 22 corridor intersects with the Madison County Economic Development’s Authority’s Mega Site which includes existing and developing industrial sites. Among the largest on the Square, the prominent two-story corner building is highly visible and accessible with prime parking, eight large display windows, beautiful mahogany doors with glass insets, and sidewalks on each side which are covered by a slatted metal awning supported by steel posts over the display and entrance areas, further accenting the exterior of the building. This stately property features a front and side entrance to the main level along with a back door adjacent to the alley. A fourth entrance leads to a large 2nd floor with spacious rooms. The primary interior retail space on the main floor has the original detailed pressed metal ceiling on the main entry side of the building; the other side features the original beaded ceiling which was recently repainted. Ceiling fans and energy efficient T-8 light fixtures have been installed. There are two restrooms beneath the mezzanine level. Retail display fixtures from the store (formerly Iupe’s-a popular ladies and men's clothing store which closed in 1996) are installed around the perimeter of the building in 4 foot sections which can be used for hanging and/or shelf space. The building could be subdivided for a separate business or meeting area. This back area was added to the main building in 1983 and has its own display window and entry door located on the east side of the building and a separate restroom and central air/heat unit. The original hanging displays lining the walls of the former men’s suit department conveniently remain. Several renovations have occurred on the street level floor with various buildings being conjoined to create additional retail/storage space. The last major renovation occurred in 1981 when extensive renovations were made both inside and outside. The current owners are now in the midst of replacing the original roof to maintain the structural integrity of the building for years to come. Entering the separate staircase to the top floor, the exceptional craftsmanship continues with aged beaded oak ceilings, vertical grain heart pine flooring, transoms, cabinets, doors, hardware, a gorgeous skylight, and a striking pink marble slab that sits atop the original counters that were used when one of the larger rooms was occupied by a cotton broker. The marble slab may be attributed to the Madison County Bank which was also located within this building during its early history. Interior walls consist of the original plaster, sand brick, original beaded paneling and aged shiplap boards in their natural wood tones. The 2nd floor corner window provides one of the best views of the Historic Courthouse which is the focal point of the downtown area and many activities. Perfectly suitable for office space or apartments! Obvious great care has been taken to preserve the integrity and rustic character of this beautiful property. The current owners are in the process of having the roof replaced on all 3 buildings due to the February 2021 ice storm. The roof will carry a 25 year warranty.

Price History
3/15/2021 Listed $495,000

General Features

Water Public Water

Exterior Features

Latitude 32.612391
Longitude -90.036575


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 39046

AVG $460K
AVG 27
AVG 50
Data Provided by Walkscore ® not using MLS data

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