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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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24 N Main St , Elgin, TX 78621
$450,000
Est. Payment: $2,259.84/mo
0 Bed
0 Bath
2314 Sqft
Status: active | Days on site: 47
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jeannette Spinelli
Broker Associate & Founder
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House Description

Fully leased mixed-use investment opportunity in Historic Downtown Elgin 2,314 SF total improvements featuring: ?1,008 SF retail storefront ?1,306 SF residential apartment (2 bed / 1 bath) Stabilized dual-income asset with one commercial tenant and one residential tenant in place Current in-place income producing Below-market leases provide future upside potential through rental increases and lease repositioning Extensive renovation completed in 2016 including: ?Electrical wiring ?Plumbing systems ?Interior improvements New roof installed October 2021 Located along the highly visible North Main Street corridor in Downtown Elgin Positioned within the rapidly expanding Central Texas growth corridor east of Austin Ideal opportunity for: ?1031 exchange buyers ?Long-term appreciation investors ?Mixed-use portfolio investors ?Owner-users seeking supplemental income Walkable downtown location surrounded by restaurants, retail, and local businesses Low-maintenance, turnkey asset with strong historic downtown character and modernized infrastructure. Minutes to airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus.
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Highlights

Listed by JR Soler , (210) 480-6115 All City Real Estate Ltd. Co , (866) 277-6005. Austin MLS mls logo

Property Type

Commercial Sale
Lot/Acreage
0.07

Year Built

1935

County

Bastrop

Area

EL

 Neighborhood

Elgin City

Listing ID

6559978

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Floor:Tile,Wood
Other:Public

Exterior Features

Others:Resale
Sewer:Public Sewer
Parking Features:Paved,Parking Lot
Principal Interest
$2,260
Taxes
$687

Home Price

$450,000

Loan Details

30 yrs
6.434%

Down Payment

20%
$90,000
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:
$2,259.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,259.84 $686.94 $0.00 $2,946.78
Yearly $27,118.10 $8,243.22 $0.00 $35,361.32
Total $813,542.99 $247,296.60 $0.00 $1,060,839.59

Today's Rates

30 Year

6.43%

20 Year

6.23%

15 Year

5.8%

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

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Spinelli Residential Group | KW - Austin Portfolio Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Austin MLS as distributed by MLS GRID

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Data last updated: 2026-07-17T15:20:32.000Z

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