15391 State Route 111 Spencer, TN $ 450,000
15391 State Route 111
$ 450,000
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15391 State Route 111

Spencer, TN, 38585
$ 450,000
Bedrooms-- Baths-- Sq 10,320

Monthly Estimate*

$ 2,771

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Commercial Property for sale in Spencer, TN

for $450,000. This 10,320 square foot building was built in 1992 on a lot size of 1.53.

RARE OPPORTUNITY to own your own business... an established Save A Lot grocery business in Spencer, TN, a close-knit community with no nearby, major grocery competitors. This essential neighborhood store serves as a primary food source for local residents, creating consistent demand and strong community reliance. Sale includes the business and inventory only; the building will be leased. The turnkey operation is fully equipped with 3 checkout registers, dairy cooler, cooled produce display, frozen coolers and floor cases, loading dock, grocery carts, and a complete meat department featuring a meat cooler, grinder, butcher block, knives, and produce scales and equipment. Ideal for an investor seeking a stable, service-driven business with long-term community value in an underserved market. Seize the opportunity to own a thriving grocery store business in a high traffic area that is a well-established business & has been a cornerstone of the local community for years!

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Commercial Active

Price

$ 450,000

Property Type

Commercial

Taxes

$ 0

Style

Mixed Use

Lot Size

1.53

Year Built

1992

Town/City

Spencer

County/Region

Van Buren

MLS | Web ID

3112165

Features
General
Possession Close Of Escrow
Zoning Commercial
Year Built 1992
Property Subtype Mixed Use
County Van Buren County TN
Property Type Commercial Sale
Status Active
Directions From Cookeville or Sparta: Take HWY 111 S toward Spencer business will be on the right.
City Spencer
Lot Size Units Acres
Property Attached Y/N N
Building Area Units Square Feet
Standard Status Active
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Exterior
Total Parking 0
Lot Size Area 1.53
Building Area Total 10320
Lot Size Acres 1.53
Lot Size Source Assessor
Waterfront Y/N N
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Interior
Air Conditioning Y/N N
Heating Y/N N
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Internal Only
Street Number 1 15391
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* Excluded Features
List By
The Real Estate Collective

Broker

heather@letsgoreco.com

Email

Affordability Calculator

$2,771
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
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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
245588 Elementary School
245705 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/22/2026$450,000 Listed Price

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15391 State Route 111, Spencer, TN, 38585 is a Commercial Property for sale at $450,000 with 10,320 sqft and a lot size of 1.53. 15391 State Route 111 was built in 1992. The property's zip code is 38585 which is in Spencer, TN