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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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217 S Commercial Ave , Coleman, TX 76834
$240,000
Est. Payment: $1,235.62/mo
0 Bed
0 Bath
10000 Sqft
Status: active | Days on site: 572
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Stephanie Garner , Ranch Realty of Texas , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.14

Year Built

9999

County

Coleman

Neighborhood

Original Town Coleman

Listing ID

20830006

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Concrete,Hardwood

Exterior Features

Lot:Corner Lot,Less Than .5 Acre (not Zero)
Zoning:Commercial
Roof:Tar/Gravel
Others:
  • Additional:Preowned
Parking Features:Alley Access,On Street,Paved
Principal Interest
$1,236
Taxes
$167

Home Price

$240,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$48,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,235.62

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,235.62 $166.92 $0.00 $1,402.54
Yearly $14,827.49 $2,003.00 $0.00 $16,830.49
Total $444,824.72 $60,090.00 $0.00 $504,914.72

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Coleman, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems