118 N MAIN STREET, PALMER, TX 75152
Homes for sale in Palmer.
Homes for sale in 75152.
List Price$240,000
118 N Main Street
Palmer, TX 75152
Listing #21328459
About This Property
Step into a piece of Palmer's history at 118 N. Main Street, a unique commercial opportunity in the heart of historic downtown Palmer, Texas. Previously used as a bank, this well-maintained property offers approximately 1,360 square feet of commercial space plus an 800-square-foot, one-bedroom, one-bath apartment, creating exceptional flexibility for business owners, investors, or entrepreneurs looking for a space with character. Walk through the front door and you'll immediately appreciate the charm that can't be replicated in new construction. Whether you envision a boutique, coffee shop, law office, real estate office, salon, creative studio, gallery, financial services, wellness business, or another destination business, this space provides the kind of personality that customers remember. The attached apartment adds tremendous flexibility. Live where you work, create an income-producing rental, provide housing for an employee, or use the space as a private office or executive suite. Opportunities like this are becoming increasingly difficult to find. Located in the heart of downtown Palmer, you'll enjoy the charm of a small Texas town while benefiting from one of the fastest-growing regions in the state. Palmer is part of booming Ellis County, where continued residential and commercial growth is attracting new residents, businesses, and investment. With I-45 just minutes away, the property offers convenient access to Waxahachie, Ennis, Corsicana, Dallas, and the greater DFW Metroplex, making it an ideal location for businesses that value both visibility and accessibility. Historic commercial buildings with flexible mixed-use opportunities are rare--especially when they're well maintained and ready for their next chapter. This is an opportunity to own a piece of local history while investing in its future!
Property Features
Location Information
County
Ellis
Subdivision
O T Palmer-Rev
Interior Features
Has Fireplace
No
Floors
Tile, Wood
Heating
Central, Natural Gas
Tenant Pays
Other
Cooling
Central Air, Ceiling Fan(s), Electric
Total Number of Units
2
Exterior Features
Construction
Brick
Lot Size in Sq. Ft.
2,482
Foundation
Slab
Possible Best Use
Office
Roof
Flat
Zoning
Commercial
Utilities
Sewer Available, Water Available
Building Total Area (Sq. Ft.)
2,160
Parking Description
On Street
Road Description
City Street
Lot Description
Corner Lot
Is One Story
No
Lot Size in Acres
0.057
Lot Description
Corner Lot
Additional Information
Year Built Details
Preowned
Exclusions
tenant's personal property
Property Type
COM
Community Features
Sidewalks
Property SubType
Office
Documents Available
Aerial
Year Built
1900
Lot Acres Source
Assessor
Status
Active
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Mortgage Calculator
$1,120
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$864
Monthly Tax
$200
Monthly Insurance
$56
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.
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