Live-Work Retail Building at Indigo 1241 Mercantile St 2,400 SF Retail Building Richmond, TX 77406 $1,250,000 ($520.83/SF)

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.
Can come with three intact leases from the community HOA and organizations with $18k annual net income.
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.