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Retail-Office Commercial Building with Parking
For Lease
$1,600/Mo

231 E Elm Street, Hillsboro, TX 76645

COMMERCIAL - Hillsboro, TX

Lot Size0.07 Acres
Days on Market114

Property Features for 231 E Elm Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning description Commercial Central Business District
Parking features On Street, Carport
Subdivision Mc Mullen
Lot features Level, Subdivision
Directions From the courthouse in downtown Hillsboro go East on Elm. Property on left
Standard status Active
APN 134280
Lot size 0.07 Acres

Taxes and HOA fees

Tax Description MC MULLEN BLK 7 LT 1A
Legal Description MC MULLEN BLK 7 LT 1A

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric, Wall Unit(s)
Water source Public

Building Details

Floors in Building 1
Number of units 1
Flooring type Vinyl
Building materials Brick, Stucco
Listing Agency: Julie Siddons REALTORS, LLC
Listed By: Lacey Whitehouse
Added: Apr 8 Changed: Jul 27 Last Checked: Jul 30 at 8:06PM
MLS# 21217342

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial building at 231 E Elm Street is currently being remodeled, with the interior demoed and delivered in a white-box condition. Exterior walls will be repaired and refreshed, and new concrete along with a parking pad is being constructed behind the building to add parking capacity.

The property is located on Elm Street, right off the main downtown street, across the road from City Admin offices. It sits next door to insurance and real estate offices.

The layout is described as versatile, offering flexibility for retail, office, or a combination of uses.

Key Highlights

  • Commercial building on E Elm Street in downtown Hillsboro, across the road from City Admin offices
  • Currently being remodeled: interior is demoed and white boxed; exterior walls to be repaired and refreshed
  • New concrete and parking pad under construction behind the building for additional parking

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Garden Center Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

568
Businesses Nearby

Demographics for 76645, TX

11,274
Population
4,559
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
187.5 sq mi
ZIP Area
60
Density / Sq Mi
$61,792
Median Household Income
$33,554
Median Earnings
$941
Median Rent
$154,800
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Under remodeling with a new rear parking pad, a demoed white-box interior, and refreshed exterior for retail or office use.
Where is this office building located?
The property is located at 231 E Elm Street Hillsboro, TX.
What is the lease rate?
The lease rate is $1,600 /Mo.
What are key features of this property?
This property features: Commercial building on E Elm Street in downtown Hillsboro, across the road from City Admin offices; Currently being remodeled: interior is demoed and white boxed; exterior walls to be repaired and refreshed; New concrete and parking pad under construction behind the building for additional parking
More about this property
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