Recently Listed New Construction 118 N Main Street
Palmer, TX, 75152 $ 240,000
Bedrooms-- Baths-- Monthly Estimate*
$ 1,515
for $240,000. This building was built in 1900 on a lot size of 0.057.
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!
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FeaturesGeneralHeating Central Natural Gas
Cooling Ceiling Fan(s) Central Air Electric
Utilities City Sewer City Water Concrete Sidewalk
Ceiling Height 8 to10 Feet
Possession Closing/Funding
Roof Flat
Exclusions tenant's personal property
Year Built 1900
Business Type Accounting Church Construction/Contractor Financial Professional Office Real Estate
Property Subtype Office
Subdivision Name O T Palmer-Rev
Occupant Type Tenant
County Ellis
Property Type Commercial Sale
Construction Materials Brick
Year Built Details Preowned
Special Notes Aerial Photo
Status Active
Directions From Waxahachie- Take Fm 813 to Palmer Left on Main Street.Property will be down on your left.
City Palmer
Standard Status Active
Listing Terms Cash Conventional
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ExteriorWaterfront 0
Lot Features Corner Lot
Lot Size Source Assessor
Parking Features On Street
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Building Area Total 2160.00
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InteriorFlooring Tile Wood
Total Stories 1
Total Units 2
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* Excluded FeaturesList ByMelissa McClainListing Agent
Coldwell Banker RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,515
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Palmer, TX
Average List Price $220,000
Percent of Sale Price 8%
About Palmer, TX 1,986 Population
35% Since 2002
$ 56,924 Median Income
33.02 Median Age
39% Households with Children
Trends Information provided by ATTOM Data Solutions.
288163 Elementary School
288375 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/12/2026 | $240,000 | | Listed Price |