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    FOR SALE
    Commercial real estate

    531 N Main St, Schulenburg, TX 78956

    8,600 SF 0.16 ac lot Built 2008
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US82-5530950
    Property summary
    AI-generated overview

    Own a piece of Texas history with this exceptional 11,620 sq ft property located in the heart of Schulenburg on Main Street. Sengelmann Hall, listed on the National Register of Historic Places, boasts a rich history dating back to 1894, originally serving as a social hall and beer garden. Meticulously maintained and restored, this two-story building retains its original Victorian charm, including a 4,000 sq ft dance floor and stunning interiors. The versatile space offers endless potential for various commercial uses, such as a restaurant, brewery, or event venue. Features include a spacious main hall with soaring ceilings, a second-floor balcony, a full-service commercial kitchen, a stage for live performances, and a charming beer garden. Several private dining and event spaces are also available. The property's prime location ensures excellent visibility and accessibility. The building has hosted renowned musicians, including Asleep at the Wheel and Ray Wylie Hubbard. A professional sound system, two stages, and a maximum occupancy of 400 in the upstairs hall add to its appeal. The 0.25-acre lot includes four original Main Street storefronts, previously occupied by a barber shop, saloon, restaurant, cafГ©, and meat market. The property's proximity to local attractions and amenities makes it an ideal investment opportunity in a vibrant community with a rich cultural heritage. This is a unique chance to own a landmark building and contribute to the ongoing legacy of Schulenburg.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2008
    Total area 8,600 SF
    Lot 0.16 ac (7,126 SF)
    APN 44742
    UPID US82-5530950
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $833k
    Blend (final) Blend
    $970k
    Owner & transaction history
    KESSLER PROPERTIES
    KESSLER PROPERTIES
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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