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Flex Space with Yard
New
For Lease
$5,500/Mo

1742 Illinois Street, Rhome, TX 76078

CommercialLease, Rhome, TX

Space Size7,054 SF
Lot Size2.00 Acres
Days on Market2

Property Features for 1742 Illinois Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning description Industrial
Parking features Driveway
Lot features Acreage
Directions Use GPS
Standard status Active
APN 747405
Lot size 2.00 Acres

Taxes and HOA fees

Tax Description BLK 12 2.0000 ACRES
Legal Description BLK 12 2.0000 ACRES

Utilities

Sewer type Septic Tank

Building Details

Year built 1951
Floors in Building 1
Number of units 2
Flooring type Concrete
Building materials MetalSiding
Roof type Metal, Composition
Listing Agency: EXP REALTY
Listed By: Crystal DeBacker · License #0747676
Added: Oct 15 Last Checked: Oct 16 at 8:06PM
MLS# 21411832

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.

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Investment Insights

Based on property information with market context.

This flex property combines 4,740 square feet of warehouse area with 2,314 square feet of unfinished office space, for 7,054 square feet in total. The office portion can be customized, while the warehouse is served by three-phase electrical service. The improvements date to 1951 and include concrete flooring, metal siding, and driveway parking.

A separate 2-acre yard expands the property's outdoor area. The site has frontage on FM 407 and is outside city limits in Wise County. Water is available on site, and wastewater service is provided by a septic tank.

Key Highlights

  • 7,054 square feet total, including 4,740 square feet of warehouse and 2,314 square feet of unfinished office
  • Separate 2‑acre yard
  • Three‑phase electrical service

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Garden Center Storage Facility Bakery Auto Repair Shop Kitchen & Bath Showroom

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

Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby
Well-served
Demand for This Use

Demographics for 76078, TX

9,979
Population
3,540
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
64.2 sq mi
ZIP Area
155
Density / Sq Mi
$94,379
Median Household Income
$42,853
Median Earnings
$1,574
Median Rent
$278,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Warehouse capacity, unfinished office area, and outdoor storage space support a range of commercial operations.
Where is this flex space located?
The property is located at 1742 Illinois Street Rhome, TX.
What is the lease rate?
The lease rate is $5,500/Mo.
What are key features of this property?
This property features: 7,054 square feet total, including 4,740 square feet of warehouse and 2,314 square feet of unfinished office; Separate 2‑acre yard; Three‑phase electrical service
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