Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3121 N Main St Cleburne, TX 76033

    View on Map
    Sponsored
    For Sale
    $690,000

    Business - Cleburne, TX

    Type:Business
    Property size:
    5,600 SF
    Lot size:
    1.01 Acres
    Days on Market:
    29
    Last Refresh:
    Mar 6 at 11:06 am

    Property Features for 3121 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    126059401610
    Parking features
    Parking Lot
    Size
    5,600 SF
    Lot size
    1.01 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1982
    Flooring type
    Concrete, Vinyl
    Building materials
    Brick, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Gabriela Emerton

    Fathom Realty, LLC (888) 455-6040

    Listing agent Gabriela Emerton (888) 455-6040 License #0658521

    Listing date Feb 6, 2026

    MLS# 21013538 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Iconic Dance Hall Opportunity

    This freestanding building, a Cleburne landmark, presents an opportunity for purchase or lease. The property, operating as Chances Dance Hall since 1983, is located at 3121 N Main Street. The 5,600+ SF building is situated on just over one acre. The interior includes a large elevated stage with lighting, a full wraparound bar with seating, a wood dance floor, concrete floors, spacious restrooms, and a rustic Western aesthetic featuring neon signage and wood-paneled walls. A dedicated food service window and back kitchen prep area offer potential for food service. The open layout supports both large public events and private parties. Ample on-site parking and strong visibility from N Main are additional features. The property is suited for a bar, restaurant, nightclub, or live event concept. Over 300 new homes and a new apartment complex have been recently constructed across the street. An Amazon distribution center is under construction less than 5 miles away, expected to employ over 1,000 workers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Taco Daddy Kitchen Restaurant Chances Bar & Pub

    Suggested Use

    Restaurant Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store HVAC Service Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.385573
    Latitude
    32.401127

    Nearby Similar for Sale

    • $595,000
      25,000 SF

      Versatile Commercial Building in Cleburne

      Over 25,000 SF commercial building on 3 acres.
      1108 W Kilpatrick St, Cleburne, TX 76033
      View Details
    • $425,000
      3,320 SF

      Established Automotive Business Opportunity

      Turnkey automotive facility with income potential in Cleburne, Texas.
      206 Watters St, Cleburne, TX 76031
      View Details
    • $289,000
      5,000 SF

      Versatile Industrial Property in Cleburne

      Income potential in county setting with city utilities.
      1318 Prairie Ave, Cleburne, TX 76033
      View Details
    • $599,000
      4,200 SF

      Cleburne Warehouse with 5-Bay Doors

      Light industrial warehouse space with office, restroom, and one acre.
      309 Fergason Rd, Cleburne, TX 76031
      View Details
    • $2,500,000
      0.78 Acres

      Cleburne Express Car Wash Business

      Express car wash business with recent renovations and updated equipment.
      1828 N Main St, Cleburne, TX 76033
      View Details
    • $400,000
      2,403 SF

      Historic Downtown Cleburne Retail Storefront

      Commercial storefront in vibrant Cleburne Square with flexible layout.
      103 E Henderson. St, Cleburne, TX 76031
      View Details
    • $250,000
      0.07 Acres

      Historic Commercial Building in Cleburne

      Two-story commercial building in Downtown Cleburne, ideal for retail/office.
      104 S Main St, Cleburne, TX 76033
      View Details
    • $299,000
      0.05 Acres

      Renovated Retail Space in Cleburne

      Extensively renovated retail space in historic downtown Cleburne.
      204 S Main St, Cleburne, TX 76033
      View Details
    • $350,000
      0.08 Acres

      Renovated Commercial Gem in Cleburne

      Fully renovated commercial property in downtown Cleburne with versatile spaces.
      401 S Main St, Cleburne, TX 76033
      View Details
    • $539,000
      0.12 Acres

      Downtown Cleburne Retail/Office Opportunity

      Two-story commercial buildings in downtown Cleburne, TX, for sale.
      102 S Main St, Cleburne, TX 76033
      View Details
    • $350,000
      0.06 Acres

      Downtown Cleburne Office Building

      Two-story office building in high-traffic downtown location.
      102 S Main St, Cleburne, TX 76033
      View Details
    • $445,000
      0.90 Acres

      Versatile Building in Cleburne, Texas

      Adaptable building in Cleburne's commercial-industrial district with many potential uses.
      1915 N Wilhite St, Cleburne, TX 76031
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Freestanding Cleburne landmark available for sale or lease.
    Where is this bar & pub located?
    The property is located at 3121 N Main St Cleburne, TX.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: - Iconic, fully-outfitted dance hall (Chances Dance Hall) with a long-established history and loyal following, ready for immediate operation as a bar, restaurant, nightclub, or event venue.; - Prime location with high visibility on N Main Street and ample on-site parking, ideal for attracting customers.; - Significant recent and future development nearby, promising increased traffic and economic growth.
    (888) 455-6040
    Request Owner's contact information
    3121 N Main St Cleburne, TX 76033
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3121 N Main St
    Cleburne, TX 76033
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3121 N Main St Cleburne, TX 76033
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gabriela Emerton
    Real Estate License ID: 0658521
    (888) 455-6040 (512) 806-4335 (512) 523-5663
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!