One of Midtown’s most familiar industrial landmarks is officially up for grabs. Prairie Farms has put its dairy plant and surrounding land next to Overton Square on the market, asking $15 million for roughly 9.25 acres that could become one of Memphis’ biggest redevelopment plays.
The plant, a large refrigerated manufacturing facility that once anchored the neighborhood’s industrial corridor, shut down on May 30, 2025. With the listing now live, a property that many Midtown residents drove past daily is suddenly the subject of serious speculation about what comes next.
What’s for sale
The offering bundles two connected parcels: a 6.56-acre lot at 2040 Madison Ave and a 2.68-acre lot at 2018 Court Ave, for a total of about 9.25 acres. The site includes a 129,612-square-foot building with roughly 34,381 square feet of refrigerated space, according to the commercial listing on LoopNet.
Brokers have been circulating a Cushman & Wakefield marketing packet with a site plan, zoning notes and nearby comparable projects, pitching the property as a prime candidate for mixed-use or residential redevelopment. The online listings, which first appeared in mid-February, are being handled by Cushman & Wakefield’s local team.
Price and company comment
As reported by Daily Memphian, Prairie Farms has set the asking price at $15,000,000…