# 101 N Elm Street, Hico, TX 76457

> **TL;DR:** commercial, $2,950,000, built 1895. Est. $12,783/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,950,000 |
| Year Built | 1895 |
| Lot Size | 7,100 sqft (0.16 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $12,783 |
| **Total** | **$12,783** |

## Property Highlights

- Built in 1895
- 0.16 acre lot

## Description

### Agent Description
A Rare Opportunity in Historic Hico Texas on a corner lot in downtown.

Hico Mercantile stands as one of the premier destinations in downtown Hico, offering a powerful combination of a proven business, an iconic property, and a loyal customer base. This is a thriving, fully functioning operation, now available for a planned transition to the next owner who will carry its growth forward.

This offering includes:

The Business: A strong, established retail operation supported by long-standing vendor relationships and diverse shopping experiences.
Intellectual Property: Recognized branding, established marketing channels, and a loyal, engaged following.
Real Estate: The historic 1895 Opera House building, one of the most significant architectural landmarks in downtown Hico.

Why Hico Mercantile Is Unmatched

A historic property in the heart of downtown Hico with exceptional character and visibility.
A stable, profitable business with consistent sales history and repeat customers.
A large and loyal customer base amplified by a growing social media presence.
Annual events that drive dependable traffic and sustained community engagement.
A curated vendor mix that keeps the shopping experience fresh, unique, and in high demand.
Long-standing vendor partnerships providing consistency, collaboration, and predictable revenue.
A proven revenue model blending both rental income and commission streams.

This is not a distressed sale. The Mercantile is thriving today and positioned for continued expansion. Opportunities like this do not come available often, and serious buyers are encouraged to act quickly.

Offered at $2,950,000

## Location

- **Address:** 101 N Elm Street, Hico, TX 76457
- **County:** Hamilton
- **Neighborhood:** Orig Hico
- **Coordinates:** 31.981859, -98.03214
- **Google Maps:** https://www.google.com/maps?q=31.981859,-98.03214

## Listing Agent

- **Name:** Jonathan Cook
- **Brokerage:** Realty Of America, LLC
- **Phone:** 5127889495
- **Email:** jonathan.cook@realtyofamerica.com

## Primary Photo

![101 N Elm Street - Primary Photo](http://lh.rdcpix.com/c7a1fa408a6d1de22196d86b2a65c05bl-f3429513775r.jpg)

*39 total photos available on [listing page](https://www.propertysimple.com/listing/101-n-elm-street-hico-tx-76457-21121041)*

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**MLS#:** 21121041 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/101-n-elm-street-hico-tx-76457-21121041)

---

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