221 S Main St, Mcgregor, TX 76657

Property Description

Own a piece of Old Downtown McGregor history with this unique commercial property located at 221 S. Main Street. Built in 1905 and offering approximately 6,976 SF, this property combines historic character, flexible commercial space, and significant redevelopment potential at an asking price of $289,000. The first floor consists of three individual commercial units. Two spaces are approximately 800 SF each, are currently in first-generation white-box condition, and can easily be combined into one larger space. An additional approximately 2,200 SF is nearly move-in ready, creating an opportunity for immediate business use or potential rental income while the remaining spaces are completed. Upstairs, more than 3,000 SF of open loft space provides a blank canvas for a variety of concepts, including event or hospitality space, additional commercial use, or potential mixed-use development. Subject to zoning and applicable approvals, residential, executive housing, or short-term rental concepts may also be possible—an intriguing opportunity given McGregor's continued growth and expanding industrial base. The property received a full roof replacement in 2024, and the exterior is in updated condition. Parking is available via alley access and on-street parking. Four separate water meter taps are in place, with one meter currently installed. The building currently has one electrical service, with the potential for individual services and meters for each unit. Historic character, multiple income possibilities, and room for a new vision make 221 S. Main Street a distinctive downtown McGregor opportunity.