Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$500,000

1205 Main Street, Commerce, TX, 75428

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths7,184 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1920

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringConcrete, Tile, Wood

Exterior

Lot Size4,321 sqft

Building Information

Year Built1920
Stories1
Roof Type112

Land Information

APN4380-0030-0020-31
Lot Number2
SubdivisionOrig Town Of Commerce
Land UseCommercial
Legal DescriptionS4380 ORIG TOWN OF COMMERCE BLK 3 LOT 2 ACRES .0992
Census Tract960500
Assessed Land Value$14,900
Assessed Improvement Value$193,160
Assessment Year2025

About this property

Located in the heart of downtown Commerce, TX, this historic two-story commercial building at 1205 Main Street offers a rare opportunity to own an established entertainment venue with exceptional space and character. Originally built in 1920, the property features approximately 7,184 square feet with an occupancy capacity of 500 people. The sale includes the business and liquor license, creating a turnkey opportunity for continued nightlife, live music, or event operations. The venue is designed for entertainment with two dance floors, one on each level, along with stage lighting, disco ball lighting, neon signs, and a large performance stage. Additional entertainment amenities include 3 pool tables, sound booth, and a green room for bands or performers. Both levels feature fully operational bar areas equipped with working bars, beer coolers, ice wells, soda gun systems, frozen beverage machines, display cooler, beer trough, and a fully stocked inventory of liquor and beer. Additional equipment includes an ice machine, walk-in cooler, and security booth for guest check-ins. The property also offers practical operational features including an office, security camera system, safe, and designated men’s and women’s restrooms on both floors for customer convenience. Three HVAC systems help provide climate control throughout the building. With its prime Main Street location, historic charm, large occupancy capacity, and extensive equipment included in the sale, this property presents endless possibilities for entertainment, restaurant, bar, music venue, or event use. Whether continuing its current operation or creating a new concept, this downtown Commerce property is ready for its next owner. Seller also has MLS#21260960 available for sale.

Investor Tools

$146,227Estimated Mortgage Balance
$61,833Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Jodie Downs

Greb Real Estate

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$603/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,196
$208,060
2025
$14,900
$193,160
$208,060
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,196
$208,060

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty National Bank
Unknown
$150,000
No
First
Dec 27, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$146,227
$61,833
29%
70%
$900/mo

City: Commerce

1205 Main Street | Property Details | No Agent List