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7216 & 7228 Main Street 7228 Main Street 9,076 SF 100% Leased Retail Building Iola, TX 77861 $499,000 ($54.98/SF)
Investment Highlights
- 9,076 SF of finished, climate-controlled commercial space across a single-story footprint with segmented retail bays
- Two legal addresses (7216 & 7228 Main Street) allow for single-tenant use or division into separate leasable units
- Large open-concept event and gathering space with high ceilings, statement lighting, and flexible floor plan
- 11,900 SF corner lot with dual street frontage and off-street parking
- Original brick exterior, pressed-tin ceilings, and exposed structural elements throughout - a distinctive architectural asset
- Separate restroom facilities and a full utility/wash-up area
Executive Summary
A rare opportunity to own a fully renovated, income-producing commercial building in the heart of historic downtown Iola. Spanning two street addresses under one roofline, this 9,076-square-foot brick building sits on a corner lot with strong Main Street visibility and multiple points of access. Originally built as a general merchandise store — the painted-brick signage for "Groceries, Hardware, Dry Goods" is still visible on the exterior — the building has been thoughtfully repositioned as a multi-use commercial destination, currently operating as an antiques and vintage goods market with additional built-out space for events and personal services.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,076 SF
Building Class
C
Year Built/Renovated
1920/2016
Price
$499,000
Price Per SF
$54.98
Percent Leased
100%
Building Height
1 Story
Building FAR
0.76
Lot Size
0.27 AC
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R34837 | Improvements Assessment | $245,960 |
| Land Assessment | $27,880 | Total Assessment | $273,840 |
Property Taxes
Parcel Number
R34837
Land Assessment
$27,880
Improvements Assessment
$245,960
Total Assessment
$273,840
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7216 & 7228 Main Street | 7228 Main Street