For Sale

HISTORIC RETAIL BUILDING

7216 & 7228 Main Street | lola, Texas

Property Overview

Sales Price $499,000
Building Size 9,076 SF
Land Size 11,900 SF
Price/SF $55

A rare opportunity to own a fully renovated, income-producing commercial building in the heart of historic downtown Iola. Spanning two street addresses under one roofline, this 9,076-square-foot brick building sits on a corner lot with strong Main Street visibility and multiple points of access. Originally built as a general merchandise store — the painted-brick signage for "Groceries, Hardware, Dry Goods" is still visible on the exterior — the building has been thoughtfully repositioned as a multi-use commercial destination, currently operating as an antiques and vintage goods market with additional built-out space for events and personal services.

9,076 SF of finished, climate-controlled commercial space across a single-story footprint with segmented retail bays

11,900 SF corner lot with dual street frontage and off-street parking

Two legal addresses (7216 & 7228 Main Street) allow for single-tenant use or division into separate leasable units

Original brick exterior, pressed-tin ceilings, and exposed structural elements throughout — a distinctive architectural asset that supports premium retail, hospitality, or event positioning

Multiple distinct merchandising zones and finished rooms, including an open showroom floor, dedicated themed retail vignettes, a lounge/reception area, and a private treatment/service suite with plumbing, vanity stations, and salon-grade fixtures already in place

Large open-concept event and gathering space with high ceilings, statement lighting, and flexible floor plan — currently staged for private dining and small events

Separate restroom facilities and a full utility/wash-up area