Remarks

Prime Downtown Coleman Retail Property – Motivated Sellers

Located in the heart of downtown Coleman, this rare corner lot offers unbeatable visibility and access in one of the city’s most sought-after areas. The 10,000 sq. ft. building is a two-story gem that combines modern retail potential with rich historical charm.

The ground floor is currently in use as retail space, but the building offers limitless opportunities for transformation. With multiple entrances and a flexible layout, the ground floor could easily be divided into several separate retail locations to maximize income potential.

The second floor retains the original remnants of the iconic Wylie Hotel, built in the early 1900s. With 18 original rooms, this space offers a unique opportunity for restoration or conversion into additional commercial or residential units (subject to zoning). Whether you're looking to preserve its historical elements or create something entirely new, the potential is extraordinary.

Key Features:

Prime downtown location with high foot traffic
10,000 sq. ft. total (2 stories)
Original 18-room Wylie Hotel on the second floor
Multiple entrances and flexible floorplan for retail conversions
One restroom downstairs, ample space for expansion
Motivated sellers—ready to negotiate!
Whether you're an investor, developer, or business owner, this property offers an exceptional opportunity to capitalize on one of downtown Coleman's most historic buildings. With its prime location, rich history, and endless potential, the possibilities are truly spectacular.

Details

MLS#: 20830006
Price: $350,000

Style: Retail
Year Built: 9999

County: Coleman
Subdivision: Original Town Coleman