Historic Brewery Building With 20-Foot
For Sale
$800,000
216 W Main Street, Denison, TX 75020
Historic brewery building on Main Street with over 20-foot ceilings and an expansive open floor plan.
Property Size6,000 SF
Price / SF$133.33
Days on Market95
Property Features for 216 W Main Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$12,008
Building Details
Building Size
6,000 SF
Year Built
1900
Listing Agency:
Bertholf Commercial Real Estate
Listed By:
Evan Ramsey · License #845775-SA
(972) 565-5532
Source:
Texasliferealestate
Added: Jul 30
Changed: Oct 31
Last Checked: Oct 30 at 8:06PM
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 Bertholf Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Ivanhoe Ale Works Building is a historic downtown brewery building at 216 W Main Street in Denison, TX. The property is approximately 6,000 SF and features over 20-foot ceilings with an expansive open floor plan. Its warehouse-style layout creates a flexible interior configuration suitable for hospitality, entertainment, retail, brewery, event venue, showroom, creative office, or mixed-use concepts.
Constructed in 1900, the building retains original architectural elements and soaring ceilings that contribute to its distinctive character. Most recently occupied by Ivanhoe Ale Works, the space’s combination of height and open layout is intended to support a wide range of programming and tenant buildouts.
With its central Downtown Denison setting, this is a distinctive historic shell for operators seeking an adaptive, concept-forward environment.
Constructed in 1900, the building retains original architectural elements and soaring ceilings that contribute to its distinctive character. Most recently occupied by Ivanhoe Ale Works, the space’s combination of height and open layout is intended to support a wide range of programming and tenant buildouts.
With its central Downtown Denison setting, this is a distinctive historic shell for operators seeking an adaptive, concept-forward environment.
Key Highlights
- Approximately 6,000 SF historic brewery building
- Over 20‑foot ceilings with expansive open floor plan
- Warehouse‑style interior layout built for flexible concepts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,256
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,120
$625.1K
Cap Rate 7%
$446,514
$446.5K
Cap Rate 9%
$347,289
$347.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$49.0K $8.16/SF
− Vacancy
−$4.3K −$0.72/SF
EGI
$44.7K $7.44/SF
− OpEx
−$13.4K −$2.23/SF
NOI
$31.3K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,120
Cap Rate 7%
$446,514
Cap Rate 9%
$347,289
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,362 @ 7.0% cap · market cap 12.55%
Second Best
Industrial
$446.5K
$390.7K – $520.9K
NOI $31,256 @ 7.0% cap · market cap 3.91%
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,460 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Brewery - Historic brewery building on Main Street with over 20-foot ceilings and an expansive open floor plan.
Where is this brewery located?
The property is located at 216 W Main Street Denison, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 6,000 SF historic brewery building; Over 20‑foot ceilings with expansive open floor plan; Warehouse‑style interior layout built for flexible concepts
