1241 Mercantile St, Richmond, TX, 77406
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- New construction: Yes
- Year built: 2026
Materials
- Foundation: Slab on Builders Pier
- Roof: Other
- Construction materials: Brick,Vinyl Siding
Other
- Builder name: Sincere
Type & Style
- Home type: Townhouse
- Architectural style: Traditional
- Property subType: Townhouse
Interior
Bedrooms & Bathrooms
- Bathrooms: 3
- 1/2 bathrooms: 3
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Electric
Interior Area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Accessibility
- Accessibility features: Accessible Approach with Ramp
Details
- Parcel number: 4114000000091907
Features
- Levels: Levels 1, 2 and 3
- Stories: 3
Lot
- Lot size: 1,001 sqft
- Features: Greenbelt,Corner Lot
- Lot size dimensions: 20 x 50
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,320 | $75,840 |
| Home Insurance * | $871 | $10,452 |
| Property Taxes | $1,843 | $22,116 |
| Electricity | $263 | $3,162 |
| Total | $9,297 | $111,564 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Listed for sale | $1,250,000 |
View on Zillow