$523,500
SOLD FEB 3, 2026

587 E Main St Dresden, TN 38225

-- Bed
-- Bath
3,446 Sq Ft
36,599 Sq Ft Lot

Recently Sold

$152 Per Sq Ft

48% Below List Price

293 Days on Market

Highlights

  • 0.84 Acre Lot
  • Central Heating and Cooling System
  • Fenced

About This Home

As of February 2026

Main Street presents a unique opportunity to acquire a versatile commercial investment in the heart of Dresden. Situated on a 0.84 AC lot +/-, this property features 3 well maintained buildings totaling over 5,000 sqft. and offers the benefits of modern amenities. Its prominent placement along E. Main St. ensures excellent visibility/accessibility, while surrounding res. & comm. mix supports a steady flow of traffic. Main Street Munchkins licensed for 81 children. Main Street Too licensed for 76 children.

Last Agent to Sell the Property

Alexander Bynum

Wendell Alexander Realty Brokerage Phone: 7312811220 License #320284 Listed on: 01/16/2025

Last Buyer's Agent

Alexander Bynum

Wendell Alexander Realty Brokerage Phone: 7312811220 License #320284 Listed on: 01/16/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,599

Year Built

  • Built in 1958

Lot Details

  • 0.84 Acre Lot
  • Fenced

Parking

  • Public Parking

Interior Spaces

  • 3,446 Sq Ft Home
  • Partial Basement

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 15/16

Property Details

Property Type

Other

Est. Annual Taxes

$2,599

Year Built

Built in 1958

Lot Details

0.84 Acres

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Commercial
  • Business Type: Professional Service
  • Road Frontage Type: City Street
  • Inclusions: Building & Land,Equipment & Business
  • Subdivision Name: None
  • Year Built: 1958
  • Attribution Contact: 7312811220
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement YN: Yes

Exterior Features

  • Fencing: Fenced
  • Acres: 0.8402
  • Construction Type: Other

Garage/Parking

  • Parking Features: Public Lot/Garage
  • Total Parking Spaces: 18

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Electric
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Utilities: Electricity Connected
  • Water Source: Public

Lot Info

  • Lot Dimensions: 200ft x 183ft
  • Lot Size Sq Ft: 36600
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 15/16

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2599
  • Tax Book Number: 347/D433
  • Tax Map Number: 102A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2025
Closed on
Jan 30, 2026
Sold by
Morgan Randal W and Morgan Rhonda
Bought by
Docs Daycare Llc and Main Street Munchkins
Seller's Agent
Alexander Bynum
Wendell Alexander Realty
Buyer's Agent
Alexander Bynum
Wendell Alexander Realty
List Price
$1,000,000
Sold Price
$523,500
Premium/Discount to List
-$476,500
-47.65%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.82%
Original Mortgage
$473,500
Outstanding Balance
$473,500
Interest Rate
6.21%
Mortgage Type
Seller Take Back
Estimated Equity
-$228,461

Purchase Details

Closed on
Mar 22, 1996
Sold by
Wayne Morgan Randall
Bought by
Randall Morgan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $528,500 None Listed On Document
Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $473,500 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2026 02/03/26 Sold $523,500 -47.7% $152 / Sq Ft
11/06/2025 11/06/25 Pending -- -- --
01/16/2025 01/16/25 For Sale $1,000,000 -- $290 / Sq Ft
Source: Tennessee Valley Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $67,480 $2,320 $65,160
2024 -- $67,480 $2,320 $65,160
2023 $1,448 $67,480 $2,320 $65,160
2022 $1,478 $42,760 $2,880 $39,880
2021 $1,478 $42,760 $2,880 $39,880
2020 $1,478 $42,760 $2,880 $39,880
2019 $1,478 $42,760 $2,880 $39,880
2018 $1,436 $42,760 $2,880 $39,880
2017 $1,517 $41,800 $2,880 $38,920
2016 $1,517 $41,800 $0 $0
2015 $1,517 $41,789 $0 $0
2014 $1,517 $41,789 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alexander Bynum

    Seller's Agent in 2026

    Alexander Bynum

    Wendell Alexander Realty

    (731) 364-5368

    33 in this area

    226 Total Sales

    Alexander Bynum
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Map

Source: Tennessee Valley Association of REALTORS®

MLS Number: 133559

APN: 102A-C-015.00

Tennessee Weakley County Dresden 38225

587 E Main St, Dresden, TN

Sold

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