About This Home

This 0-bedroom, 0-bathroom commercial at 217 S Commercial Avenue in Coleman, TX is listed for $240,000. on a 0.14 acres lot.

Key Features

  • 0.14 acre lot
  • 2 stories

Property Details

2 stories

Amenities

HardwoodA/C
Listing Description

Prime Downtown Coleman Retail Property - Motivated Sellers Located in the heart of downtown Coleman, this rare corner lot offers unbeatable visibility and access in one of the city's most sought-after areas. The 10,000 sq. ft. building is a two-story gem that combines modern retail potential with rich historical charm.

The ground floor is currently in use as retail space, but the building offers limitless opportunities for transformation. With multiple entrances and a flexible layout, the ground floor could easily be divided into several separate retail locations to maximize income potential.

The second floor retains the original remnants of the iconic Wylie Hotel, built in the early 1900s. With 18 original rooms, this space offers a unique opportunity for restoration or conversion into additional commercial or residential units (subject to zoning).

Whether you're looking to preserve its historical elements or create something entirely new, the potential is extraordinary. Key Features: Prime downtown location with high foot traffic 10,000 sq. ft. total (2 stories) Original 18-room Wylie Hotel on the second floor Multiple entrances and flexible floorplan for retail conversions One restroom downstairs, ample space for expansion Motivated sellers-ready to negotiate!

Whether you're an investor, developer, or business owner, this property offers an exceptional opportunity to capitalize on one of downtown Coleman's most historic buildings. With its prime location, rich history, and endless potential, the possibilities are truly spectacular.

Monthly Cost Estimate

$1,284/mo

20% down · 6.5% · 30 years

Principal$174
Interest$1,040
Insurance$70

Estimates only. Actual payments may vary.

Location

217 S Commercial Avenue

Coleman, TX 76834

Original Town Coleman

Property Details

Flooring

ConcreteHardwood

Construction

Brick Plaster Rock Stone WoodSiding

Parking

On StreetAlley

Heating

Central

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 217 S Commercial Avenue is listed at $240,000. The estimated monthly payment is $1,284 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.14 acre lot, 2 stories.

This property is listed by Stephanie Garner and can be reached at (325) 636-4484.

SG

Stephanie Garner

Agent at Ranch Realty of Texas

(325) 636-4484

Listed by Ranch Realty of Texas · Broker phone: (325) 636-4484 · View on Broker Site

MLS# 20830006· Source: North Texas Real Estate Information Systems, Inc.· 141 days on PropertySimple

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.

217 S Commercial Avenue, Coleman, TX 76834

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