Leased Mixed-Use Elgin
24 N MAIN ST, Elgin, TX 78621
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Fully leased mixed-use property in Elgin's historic downtown.
Type:Retail
Property size:
2,314 SFPrice / SF:
$209/SF- Added:
- May 26, 2026
- Days on Market:
- 6
- Last Refresh:
- May 27 at 8:15 am
Property Features for 24 N MAIN ST
General Information
- Standard status
- Active
- Size
- 2,314 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1935
Listing agent Ulises Soler License #755548
Listing office Jacki Short Realtor (210) 480-6115
Listing date May 26, 2026
Source Crexi
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 Jacki Short Realtor
HighLights
- Fully leased mixed‑use property in Historic Downtown Elgin, providing stable income.
- Renovated in 2016 with system upgrades and a new roof installed in October 2021, minimizing maintenance.
- Excellent location on North Main Street with high visibility and walkability, surrounded by amenities.
- Consists of a 1,008 SF retail storefront and a 1,306 SF 2‑bedroom, 1‑bath residential apartment.
- Immediate income generation with potential for increased returns through rental adjustments.
- Close proximity to airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus.
Overview
Located in the heart of Historic Downtown Elgin, this fully leased mixed-use property presents an investment opportunity. The property features 2,314 square feet of renovated space, including a 1,008 square foot retail storefront and a 1,306 square foot residential apartment configured as a 2-bedroom, 1-bath unit. The property was originally renovated in 2016 with system upgrades including electrical wiring, plumbing, and interior improvements. A new roof was installed in October 2021. The property is currently stabilized with one commercial tenant and one residential tenant. The location benefits from revitalization and increasing demand throughout Downtown Elgin, surrounded by local restaurants, retail shops, and community-driven businesses. The property is suited for investors seeking a turnkey mixed-use asset, 1031 exchange buyers pursuing long-term appreciation, or owner-users looking to offset occupancy costs with supplemental rental income. It is located along North Main Street with visibility and walkability. The property is positioned minutes from the airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus.
Local Financial Insights For 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 | $60.3k | $26.04 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $58.2k | $25.15 |
| − OpEx | −$17.5k | −$7.55 |
| NOI | $40.7k | $17.61 |
2,314 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$582.1K
$509.3K – $679.1K
NOI $40,745 @ 7.0% cap · market cap 8.40%
Second Best
Mixed Use
$545.4K
$477.3K – $636.4K
NOI $38,181 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$906.8K
$793.4K – $1.06M
NOI $63,475 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Bastrop
- State
- Texas
- Longitude
- -97.3708299
- Latitude
- 30.3481359
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use property in Elgin's historic downtown.
Where is this mixed-use property located?
The property is located at 24 N MAIN ST Elgin, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Fully leased mixed‑use property in Historic Downtown Elgin, providing stable income.; Renovated in 2016 with system upgrades and a new roof installed in October 2021, minimizing maintenance.; Excellent location on North Main Street with high visibility and walkability, surrounded by amenities.
