118 N MAIN STREET, PALMER, TX 75152

Homes for sale in Palmer.

Homes for sale in 75152.


Active

List Price$240,000

118 N Main Street

Palmer, TX 75152

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21328459

2,160

Square Feet

2

Number of Units

Commercial

Type

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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