5076 Lakeland Drive Flowood, MS $ 3,500,000
5076 Lakeland Drive
$ 3,500,000
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5076 Lakeland Drive

Flowood, MS, 39232
$ 3,500,000
Bedrooms-- Baths-- Sq 10,000

Monthly Estimate*

$ 21,550

5076 Lakeland Drive, Flowood, MS 39232 - Image 1
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5076 Lakeland Drive, Flowood, MS 39232 - Image 9
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5076 Lakeland Drive, Flowood, MS 39232 - Image 12
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Commercial Property for sale in Flowood, MS

for $3,500,000. This 10,000 square foot building was built in 2019 on a lot size of 2.89.

Positioned right on Lakeland Drive, this is a rare chance to own two modern commercial buildings in one of Flowood's most visible corridors. The property includes a ± 4,007‑SF freestanding IHOP restaurant alongside a ± 6,000‑SF three‑unit retail center, all built in 2019 with separate utilities and high‑clear ceilings. Together they offer ± 10,007 SF of space on ± 2.88 acres, with the flexibility to hold as one investment or sell the pieces separately down the road. Flowood sits in Rankin County, one of Mississippi's fastest‑growing counties and Lakeland Drive is its lifeline. The highway carries around 45 K vehicles per day and recent retail investment comps along the corridor report 32 K-47 K cars daily. That traffic brings steady customers to the area's dense mix of national brands—nearby you'll find Target, Walmart, Best Buy, Kroger, Lowe's and more. The five‑mile trade area is home to roughly 56 K-58 K residents and 33 K employees, with average household incomes over $113 K. In short, this is a prime retail node with strong demographics and high visibility. Whether you're completing a 1031 exchange or looking for a long‑term cash‑flow asset, this property offers a lot of upside. Two distinct buildings give you multiple exit strategies and potential for individual dispositions. Properties with this kind of exposure and flexibility don't come up often—call for the rent roll and full details

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Commercial Active

Price

$ 3,500,000

Property Type

Commercial

Taxes

$ 25,452

Style

Retail

Lot Size

2.89

Year Built

2019

Town/City

Flowood

County/Region

Rankin

MLS | Web ID

4125360

Features
General
Year Built 2019
Property Subtype Retail
Tax Year 2024
County Rankin
New Construction N
Property Type Commercial Sale
HOA N
Garage Y/N N
Status Active
City Flowood
Lot Size Units Acres
Lot Size Square Feet 125888.4
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 25452.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/5076-Lakeland-Drive-Flowood-MS-39232/unbranded
Standard Status Active
Year Built Source Owner
Legal Description A LOT 297.04 X 140.73 X 344.24 X 148.44 BEING APPROX 1.035 X IN SW4 SW4 & SE4 SW4
Senior Community None
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Exterior
Lot Size Area 2.89
Spa N
Building Area Total 10000.0
Lot Size Acres 2.89
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Fireplace Y/N N
Total Baths 0
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Internal Only
Street Number 1 5076
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* Excluded Features
List By
Jeff Hadley

Listing Agent

Real Broker

Broker

Jeffhadleyrealtor@gmail.com

Email

Affordability Calculator

$23,671
Per Month
91%
9%
0%
Monthly Principal & Interest
$21,550
Monthly Property Taxes
$2,121
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1580642 Elementary School
1580615 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2025$3,500,000 Listed Price

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5076 Lakeland Drive, Flowood, MS, 39232 is a Commercial Property for sale at $3,500,000 with 10,000 sqft and a lot size of 2.89. 5076 Lakeland Drive was built in 2019. The property's zip code is 39232 which is in Flowood, MS