101 N ELM STREET, HICO, TX 76457
Homes for sale in Hico.
Homes for sale in 76457.
List Price$2,950,000
101 N Elm Street
Hico, TX 76457
Listing #21121041
About This Property
A Rare Opportunity in Historic Hico Texas on a corner lot in downtown. Hico Mercantile stands as one of the premier destinations in downtown Hico, offering a powerful combination of a proven business, an iconic property, and a loyal customer base. This is a thriving, fully functioning operation, now available for a planned transition to the next owner who will carry its growth forward. This offering includes: The Business: A strong, established retail operation supported by long-standing vendor relationships and diverse shopping experiences. Intellectual Property: Recognized branding, established marketing channels, and a loyal, engaged following. Real Estate: The historic 1895 Opera House building, one of the most significant architectural landmarks in downtown Hico. Why Hico Mercantile Is Unmatched A historic property in the heart of downtown Hico with exceptional character and visibility. A stable, profitable business with consistent sales history and repeat customers. A large and loyal customer base amplified by a growing social media presence. Annual events that drive dependable traffic and sustained community engagement. A curated vendor mix that keeps the shopping experience fresh, unique, and in high demand. Long-standing vendor partnerships providing consistency, collaboration, and predictable revenue. A proven revenue model blending both rental income and commission streams. This is not a distressed sale. The Mercantile is thriving today and positioned for continued expansion. Opportunities like this do not come available often, and serious buyers are encouraged to act quickly. Offered at $2,950,000
Property Features
Location Information
County
Hamilton
Subdivision
Orig Hico
Interior Features
Has Fireplace
No
Floors
Concrete, Tile
Heating
Central, Electric
Tenant Pays
Other
Cooling
Central Air, Electric
Total Number of Units
1
Exterior Features
Construction
Brick, Concrete
Lot Size in Sq. Ft.
7,100
Foundation
Slab
Possible Best Use
Retail
Roof
Other
Zoning
Commercial
Utilities
Sewer Available, Water Available
Building Total Area (Sq. Ft.)
11,000
Parking Description
Open, On Street
Road Description
City Street
Lot Size in Acres
0.163
Is One Story
No
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
11851.0
Property SubType
Retail
Exclusions
Minerals
Year Built
1895
Lot Acres Source
Assessor
Similar Listings
Mortgage Calculator
$13,776
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$10,630
Monthly Tax
$2,458
Monthly Insurance
$688
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Jonathan Cook, Realty Of America, LLC

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NTREIS - North Texas data last updated at May 29, 2026, 6:58 PM CT
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