ΣΧ  Epsilon Xi House Hunt

Property review · wheeler-2517

2517 Wheeler St

Houston, TX 77004 · Retail / former funeral home · 2 stories · Conditional

$549,000Asking price / reported value0.18 ac7,841 sq ft lot3,751 sq ftExisting building/100Provisional score · 8 unverified categories

Listing: Active commercial offering · source reported by LoopNet; last updated Sep. 9, 2026. Verification: SOURCE REPORTED listing; ESTIMATED route; UNKNOWN flood; UNKNOWN legal use.

Getting to UH

Closest practical point: Cougar Softball Stadium · Scott and Elgin

Quickest observed drive: 1.6 mi · 5 min observed

Peak weekday: UNKNOWN — departure-time estimate pending

Via Ennis St and Elgin St. Fastest driving route displayed by Google Maps; observed 21 Sep 2026 and subject to traffic changes.

Google Maps directions · checked 21 Sep 2026

Open live directions

Listing & photos

Source listingSource gallery

Property & potential

A two-story, 3,751-square-foot Class C retail/former funeral-home building on approximately 0.18 acre near UH and TSU. LoopNet reports a 1958 construction date, 2021 renovation, 620-square-foot storage area, 77 feet of Wheeler Avenue frontage, owner-financing potential and flexible office, warehouse, medical, retail or residential concepts. Every proposed fraternity use remains subject to title, code, occupancy, parking and life-safety review.

Building: 3751 sq ft · Year built: 1958 · Beds/baths: UNKNOWN — research pending / UNKNOWN — research pending

Parking, housing, chapter/event capacity: UNKNOWN parking; UNKNOWN housing. Read the findings below; no legal capacity is inferred.

Potential plan: Evaluate adaptive reuse for chapter, meeting and administrative functions, then test any residential component against code, fire/life-safety, parking and the limited 0.18-acre site.

Overall view: Excellent proximity and a usable existing building at $549,000, but the small site, former specialized use and unverified fraternity occupancy make professional building and legal review essential.

Flood, legal use & transit

Flood: UNKNOWN; FEMA and Harris County status must be checked by parcel. Flood-insurance quote: UNKNOWN.

Deed/HOA restrictions: UNKNOWN; fraternity residential/assembly use: UNKNOWN.

Transit: UNKNOWN — review listing notes and METRO source. Safety: Site-specific assessment not established unless recorded below.

Location pin: 29.7262252, -95.3693436 (Google Maps address result for 2517 Wheeler Ave; listing-address match should be confirmed).

Findings, sources & due diligence

Commercial offering identified · Source reported

LoopNet reports a $549,000 asking price, 3,751-square-foot building, 0.18-acre lot, 1958 construction and 2021 renovation.

Next: Obtain the offering documents, expense history, plans, permits and inspection records.

Source: LoopNet listing View source

Address match · Verify

Google Maps resolves the location as 2517 Wheeler Avenue in 77004; the LoopNet title says Wheeler Street. The underlying parcel should be matched before reliance on the pin.

Next: Confirm the HCAD account, legal description and correct situs address.

Source: Google Maps and supplied LoopNet URL View source

Full feasibility · Unverified

Legal fraternity use, condition, resident capacity, chapter space, parking, flood, safety and insurance are all pending.

Next: Complete title, permit, building, site, flood and insurance review after the offering is obtained.

Source: Diligence pending View source

Owner diligence statuses and private notes are available in the interactive review; the public page presents the source-backed findings above.

Score categories

The eight-category model totals 250 raw points and is normalized to 100. Unknown evidence lowers confidence and does not override a feasibility barrier.

  1. utility: 0 points · Unverified

    Not scored in the finalized Scoring Help review.

    Evidence: Complete an owner scoring review using the finalized eight-category rubric.
  2. value: 0 points · Unverified

    Not scored in the finalized Scoring Help review.

    Evidence: Complete an owner scoring review using the finalized eight-category rubric.
  3. location: 0 points · Unverified

    Not scored in the finalized Scoring Help review.

    Evidence: Complete an owner scoring review using the finalized eight-category rubric.
  4. growth: 0 points · Unverified

    Not scored in the finalized Scoring Help review.

    Evidence: Complete an owner scoring review using the finalized eight-category rubric.
  5. parking: 0 points · Unverified

    Not scored in the finalized Scoring Help review.

    Evidence: Complete an owner scoring review using the finalized eight-category rubric.
  6. flood: 0 points · Unverified

    Not scored in the finalized Scoring Help review.

    Evidence: Complete an owner scoring review using the finalized eight-category rubric.
  7. safety: 0 points · Unverified

    Not scored in the finalized Scoring Help review.

    Evidence: Complete an owner scoring review using the finalized eight-category rubric.
  8. development: 0 points · Unverified

    Not scored in the finalized Scoring Help review.

    Evidence: Complete an owner scoring review using the finalized eight-category rubric.