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Live-Work Retail Building at Indigo 1241 Mercantile St 2,400 SF Retail Building Richmond, TX 77406 $2,024,084 CAD ($843.37 CAD/SF)



INVESTMENT HIGHLIGHTS
- In highly walkable Indigo community
- Will be first privately owned commercial building open at Indigo
- Designed for easy conversion to residential
EXECUTIVE SUMMARY
The first "incremental retail" building in Indigo Commons!
A gorgeous three story mixed use building at the heart of Indigo and in the middle of the town center, Indigo Commons.
Designed to house the marketing team and HOA for Indigo, this building is currently for sale while it is being built.
The downstairs is a retail/hospitality space with a bar, plentiful windows, and opens onto a private patio space. The two floors upstairs are designed to be office spaces.
The upstairs floors have been designed so that they can easily be converted to residential - with pipes in place to install sprinklers if needed.
Each floor has approximately 700sq ft of usable space.
Construction will be complete by January 2026.
Great live-work space for a small business owner.
Located in the "urban in the suburbs" Indigo Community. This will be only the 2nd commercial space open in Indigo, and the first building owned by someone in the community. This is a chance for a business to make its mark and establish itself in the community of 700 homes and 150 apartments. First residents moving in August 2025, all homes to be completed by 2027.
Just south of Harvest Green and in the middle of much more development that is under way along Harlem Road.
Potential buyers are welcome to drive by and view the construction site from the road. Please reach out to Nick to schedule a showing to learn about the property and tour the community.
Property is subject to a Commercial Association, and the patio space is technically owned by the HOA but leased and maintained by the owner of the building.
A gorgeous three story mixed use building at the heart of Indigo and in the middle of the town center, Indigo Commons.
Designed to house the marketing team and HOA for Indigo, this building is currently for sale while it is being built.
The downstairs is a retail/hospitality space with a bar, plentiful windows, and opens onto a private patio space. The two floors upstairs are designed to be office spaces.
The upstairs floors have been designed so that they can easily be converted to residential - with pipes in place to install sprinklers if needed.
Each floor has approximately 700sq ft of usable space.
Construction will be complete by January 2026.
Great live-work space for a small business owner.
Located in the "urban in the suburbs" Indigo Community. This will be only the 2nd commercial space open in Indigo, and the first building owned by someone in the community. This is a chance for a business to make its mark and establish itself in the community of 700 homes and 150 apartments. First residents moving in August 2025, all homes to be completed by 2027.
Just south of Harvest Green and in the middle of much more development that is under way along Harlem Road.
Potential buyers are welcome to drive by and view the construction site from the road. Please reach out to Nick to schedule a showing to learn about the property and tour the community.
Property is subject to a Commercial Association, and the patio space is technically owned by the HOA but leased and maintained by the owner of the building.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$2,024,084 CAD
Price Per SF
$843.37 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.40
Lot Size
0.02 AC
Opportunity Zone
Yes
Zoning
Mixed use - Mixed use. Must have retail on ground floor. Developer has master development agreement with the City of Richmond and Fort Bend County.
Frontage
20’ on Mercantile St
AMENITIES
- 24 Hour Access
- Air Conditioning
- Fiber Optic Internet
PROPERTY TAXES
| Parcel Number | 0096-00-000-0319-907 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $390,711 CAD (2024) |
PROPERTY TAXES
Parcel Number
0096-00-000-0319-907
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$390,711 CAD (2024)
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Live-Work Retail Building at Indigo | 1241 Mercantile St
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