Retail Center at 40 E Mills Street, Columbus
Retail Center at 40 E Mills Street, Columbus, photo 2 of 10
Retail Center at 40 E Mills Street, Columbus, photo 3 of 10
Retail Center at 40 E Mills Street, Columbus, photo 4 of 10
Retail Center at 40 E Mills Street, Columbus, photo 5 of 10
Retail Center at 40 E Mills Street, Columbus, photo 6 of 10
Retail Center at 40 E Mills Street, Columbus, photo 7 of 10
Retail Center at 40 E Mills Street, Columbus, photo 8 of 10
Retail Center at 40 E Mills Street, Columbus, photo 9 of 10
Retail Center at 40 E Mills Street, Columbus, photo 10 of 10
10 photos

$550,000

40 E Mills Street
Columbus, NC 28722
Listed by Cheryl Stott · Coldwell Banker Advantage
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1950

About this home

Unlock the potential of this exceptional investment opportunity in the heart of downtown Columbus! Situated on a prominent corner along Mills Street, this commercial building features three fully occupied storefronts, each with established tenants generating immediate cash flow. Set on a level, fenced lot, the property offers not only stability but also room for future growth or redevelopment. Whether you’re looking to expand the existing structure, enhance the tenant mix, or hold as a long-term income-producing asset, this property delivers flexibility. Don’t miss your chance to own a solid commercial asset in downtown Columbus. Schedule your tour today and explore the possibilities on Mills Street!

Property details

MLS
Canopy MLS
MLS #
CAR4309161
Property type
Retail Center
Subdivision
N/A
Status
Active
Days on market
274
On market date
October 8, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Tryon Elementary School
3.6 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
386
Student:teacher ratio
12.5:1
District
Polk County Schools
Middle
Polk County Middle School
3.53 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
497
Student:teacher ratio
12.4:1
District
Polk County Schools
High
Polk County Early College
1.22 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
60
Student:teacher ratio
15.0:1
District
Polk County Schools

Walkability

Blended score for Columbus's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

59
Somewhat walkable
out of 100
EPA National Walkability Index
8.8 / 20 -- Below average walkable
Google Places amenity density
82 / 100
Restaurants & cafes18
Grocery stores2
Parks4
Schools3
Transit stops2
Pharmacies1

Market position

How this listing compares to current activity in Columbus, from live MLS data.

On the market 274 days -- 72 more days than Columbus's current average of 202 days.
For reference, the median list price across 126 active listings in Columbus right now is $437,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$3,462/mo
$110,000 down
$440,000 loan
Principal & interest$2,854
Property tax (est.)$458
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated July 10, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.