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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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202-221 N Walnut Street 202-21 , Sherman, TX 75090
$950,000
Est. Payment: $5,258.46/mo
4400 Sqft
0.24 Acres
Status: active | Days on site: 19
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MT100967 - 0694673
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House Description

Built in 1920, this landmark commercial building offers approximately 4,400 square feet along North Walnut Street, just one block from Sherman’s historic Downtown Square.? The property presents an exceptional opportunity for investment, professional office use, redevelopment, or adaptive reuse.? The building is divided into four separately leasable commercial suites, all of which are currently occupied, providing immediate rental income.? Three of the four suites have been renovated within the past three years, offering updated professional spaces while preserving the building’s historic character.? The property also includes eight private parking spaces at the rear of the building—a valuable amenity in Downtown Sherman.? The City of Sherman continues to support downtown revitalization and may offer attractive incentives for qualifying redevelopment projects.? The property is also located within the Sherman Opportunity Zone, creating potential long-term investment and tax advantages.? With full occupancy, multiple income-producing suites, recent renovations, private parking, and a prominent downtown location, this distinctive property offers an exceptional opportunity to invest in the continued growth of Downtown Sherman.?

Highlights

Listed by Josh Long , CAPROCK Real Estate Advisors LLC , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.24

Year Built

1920

County

Grayson

Neighborhood

Shannon T J Suppl

Listing ID

21391584

Questions about this listing?

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Interior Features

Air Cond:Ceiling Fan(s)
Fireplaces:
Floor:Concrete

Exterior Features

Lot:Less Than .5 Acre (not Zero)
Zoning:Commercial
Roof:Shingle
Others:
  • ▪ Additional:Preowned
Parking Features:Parking Lot,Private
Principal Interest
$5,258
Taxes
$939

Home Price

$950,000

Loan Details

30 yrs
7.393%

Down Payment

20%
$190,000
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:
$5,258.46

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,258.46 $938.83 $0.00 $6,197.29
Yearly $63,101.49 $11,266.00 $0.00 $74,367.49
Total $1,893,044.79 $337,980.00 $0.00 $2,231,024.79

Today's Rates

30 Year

7.39%

20 Year

7.2%

15 Year

6.63%

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Market insight data is pulled from the same city as the listing being viewed (Sherman, 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: 2026-10-10T16:04:52.320Z

© 2026 North Texas Real Estate Information Systems