Historic Sengelmann Hall For
531 N Main St Schulenburg, TX 78956
531 N Main St, Schulenburg, TX, 78956
$1,795,500
For Sale
$1,795,500
Iconic 1894 Schulenburg dance hall with versatile commercial space.
Property Size10,000 SF
Lot Size0.25 Acres
Price / SF$179.55
Days on Market129
Property Features for 531 N Main St
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1894
Listing Agency
Bubela & Associates, Inc.
(512) 779-5682
Listed by
Chip Bubela · License #0566009
(512) 779-5682
Source
Elliman
Added: Mar 12 Checked: Jul 17 at 6:12 am
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 Bubela & Associates, Inc.
Investment Insights
Based on property information with market context.
Sengelmann Hall, a property on the National Register of Historic Places, is located in Schulenburg, Texas. Dating back to 1894, this building offers an opportunity to own a piece of Texas history. Originally established as a social hall and beer garden, Sengelmann Hall has been maintained and restored, showcasing its original charm and character, including a 4,000 square foot dance floor and Victorian interiors. The two-story building features a main hall with ceilings, a 2nd floor balcony, a full-service commercial kitchen, a stage for live performances, a beer garden, and private dining and event spaces. The upstairs hall has a maximum occupancy of 400. The property's location on Main Street provides visibility and access, making it suitable for a restaurant, brewery, or event venue. The surrounding area is known for its cultural heritage, attracting visitors, and the property is within proximity to local attractions, shops, and amenities. The building offers over 10,000 square feet of versatile space with potential for a variety of commercial uses. The property includes a professional sound system and two stages. Originally the 4 Main Street storefronts were a barber shop, a Saloon & restaurant, café & meat market.
Key Highlights
- Iconic, historically significant property on the National Register of Historic Places, dating back to 1894.
- Versatile 10,000+ sq ft space suitable for various commercial uses.
- Prime Main Street location in Schulenburg with excellent visibility and accessibility.
Local Financial Insights For Specialty Retail
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 | $204.0k | $20.40 |
| − Vacancy | −$11.2k | −$1.12 |
| EGI | $192.8k | $19.28 |
| − OpEx | −$48.2k | −$4.82 |
| NOI | $144.6k | $14.46 |
10,000 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,585 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$112.11M
$98.10M – $130.80M
NOI $7,848,036 @ 7.0% cap · market cap 437.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Theaters & concert halls
Similar For Sale Nearby
FAQs
What type of property is this?
Theater & concert hall - Iconic 1894 Schulenburg dance hall with versatile commercial space.
Where is this theater & concert hall located?
The property is located at 531 N Main St Schulenburg, TX.
What is the asking price?
The asking price for this property is $1,795,500.
What are key features of this property?
This property features: Iconic, historically significant property on the National Register of Historic Places, dating back to 1894.; Versatile 10,000+ sq ft space suitable for various commercial uses.; Prime Main Street location in Schulenburg with excellent visibility and accessibility.
