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Live-Work Retail Building at Indigo 1241 Mercantile St 2,400 SF Retail Building Richmond, TX 77406 $1,450,000 ($604.17/SF)
Investment Highlights
- In highly walkable Indigo community
- Will be first privately owned commercial building open at Indigo
- Designed for easy conversion to residential
Executive Summary
A gorgeous three story mixed use building at the heart of Indigo and in the middle of the town center, Indigo Commons.
Designed to house the marketing team and HOA for Indigo, this building is currently for sale while it is being built.
The downstairs is a retail/hospitality space with a bar, plentiful windows, and opens onto a private patio space. The two floors upstairs are designed to be office spaces.
The upstairs floors have been designed so that they can easily be converted to residential - with pipes in place to install sprinklers if needed.
Each floor has approximately 700sq ft of usable space.
Construction will be complete by January 2026.
Great live-work space for a small business owner.
Located in the "urban in the suburbs" Indigo Community. This will be only the 2nd commercial space open in Indigo, and the first building owned by someone in the community. This is a chance for a business to make its mark and establish itself in the community of 700 homes and 150 apartments. First residents moving in August 2025, all homes to be completed by 2027.
Just south of Harvest Green and in the middle of much more development that is under way along Harlem Road.
Potential buyers are welcome to drive by and view the construction site from the road. Please reach out to Nick to schedule a showing to learn about the property and tour the community.
Property is subject to a Commercial Association, and the patio space is technically owned by the HOA but leased and maintained by the owner of the building.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Air Conditioning
- Fiber Optic Internet
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The first "incremental retail" building in Indigo Commons! A gorgeous three story mixed use building at the heart of Indigo and in the middle of the town center, Indigo Commons. The downstairs is a retail/hospitality space with a bar, plentiful windows, and opens onto a private patio space. The two floors upstairs are designed to be office spaces, each with their own restroom and kitchenette. Each floor is 800sq ft and has approximately 700sq ft of usable space. Construction will be complete by January 2026. Available February 2026. Located in the "urban in the suburbs" Indigo Community. This will be only the 2nd commercial space open in Indigo. This is a chance for a business to make its mark and establish itself in the community of 700 homes and 150 apartments. Already home to dozens on residents, all homes to be completed by 2027. Just south of Harvest Green and in the middle of much more development that is under way along Harlem Road. Potential tenants are welcome to drive by and view the construction site from the road. Please reach out to Nick to schedule a showing to learn about the property and tour the community - most Wednesdays he is on site and can show the building. Room for an outdoor patio space.
| Space | Size | Space Use | Position | Available |
| 1, 2, 3 | 800-2,400 SF | Retail | End Cap | Now |
1, 2, 3
| Size |
| 800-2,400 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1, 2, 3
| Size | 800-2,400 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
The first "incremental retail" building in Indigo Commons! A gorgeous three story mixed use building at the heart of Indigo and in the middle of the town center, Indigo Commons. The downstairs is a retail/hospitality space with a bar, plentiful windows, and opens onto a private patio space. The two floors upstairs are designed to be office spaces, each with their own restroom and kitchenette. Each floor is 800sq ft and has approximately 700sq ft of usable space. Construction will be complete by January 2026. Available February 2026. Located in the "urban in the suburbs" Indigo Community. This will be only the 2nd commercial space open in Indigo. This is a chance for a business to make its mark and establish itself in the community of 700 homes and 150 apartments. Already home to dozens on residents, all homes to be completed by 2027. Just south of Harvest Green and in the middle of much more development that is under way along Harlem Road. Potential tenants are welcome to drive by and view the construction site from the road. Please reach out to Nick to schedule a showing to learn about the property and tour the community - most Wednesdays he is on site and can show the building. Room for an outdoor patio space.
Property Taxes
| Parcel Number | 0096-00-000-0319-907 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $278,566 (2024) |
Property Taxes
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Live-Work Retail Building at Indigo | 1241 Mercantile St
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