Downtown Retail and Storage
117 S Main St Elgin, TX 78621
117 S Main St, Elgin, TX, 78621
$379,000
For Sale
$379,000
White-box retail space plus three small storage units on a fenced side yard in downtown Elgin.
Property Size2,728 SF
Lot Size0.25 Acres
Price / SF$138.93
Days on Market86
Property Features for 117 S Main St
General Information
- Standard status
- Active
- Size
- 2,728 SF
- Lot size
- 0.25 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1974
Listing agency
Jeremy Kunzinger, Broker
(512) 743-7885
Listed by
Jeremy Kunzinger
(512) 743-7885
Source
Xome
Added: Apr 28 Updated: Jul 22 at 4:10PM Checked: Jul 22 at 4:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeremy Kunzinger, Broker
Investment Insights
Based on property information with market context.
This downtown mixed-use property at 117 S Main St includes approximately 1,500 SF of white-box retail space and three separate storage units sized at about 10 x 20 feet each. The storage units are paired with a large fenced side yard that offers flexibility for outdoor use.
The property sits within Elgin’s Downtown Historical Main Street District. Public remarks note a flexible zoning designation, described as CS2, which allows for uses including retail, office, and manufacturing, among others.
For tenants or buyers looking for a combined footprint, the configuration supports on-site retail activity alongside dedicated storage space, with room along the front side of the fence mentioned as accommodating a food truck.
The property sits within Elgin’s Downtown Historical Main Street District. Public remarks note a flexible zoning designation, described as CS2, which allows for uses including retail, office, and manufacturing, among others.
For tenants or buyers looking for a combined footprint, the configuration supports on-site retail activity alongside dedicated storage space, with room along the front side of the fence mentioned as accommodating a food truck.
Key Highlights
- 117 S Main Street, Elgin, TX: downtown retail/mixed‑use property with ~1,500 SF white‑box retail space
- Includes three ~10 x 20 storage units for added income potential
- Just under 1/4‑acre lot with a large fenced side yard
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.6k | $15.60 |
| − Vacancy | −$2.3k | −$0.86 |
| EGI | $40.2k | $14.74 |
| − OpEx | −$12.1k | −$4.42 |
| NOI | $28.2k | $10.32 |
2,728 SF · lease $15.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$686.2K
$600.4K – $800.6K
NOI $48,035 @ 7.0% cap · market cap 12.67%
Second Best
Self Storage
$402.2K
$351.9K – $469.2K
NOI $28,151 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.07M
$935.4K – $1.25M
NOI $74,831 @ 7.0% cap · market cap 19.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - White-box retail space plus three small storage units on a fenced side yard in downtown Elgin.
Where is this storefront property located?
The property is located at 117 S Main St Elgin, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 117 S Main Street, Elgin, TX: downtown retail/mixed‑use property with ~1,500 SF white‑box retail space; Includes three ~10 x 20 storage units for added income potential; Just under 1/4‑acre lot with a large fenced side yard
