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Front exterior — 231 E Gray Street, Norman, OK 73069
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Front exterior — 231 E Gray Street, Norman, OK 73069
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231 E Gray Street, Norman, OK 73069
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Norman, OK 73069

$500,000

231 E Gray Street, Norman, OK 73069

2,616 sq ft · Built 1960

$191
per sq ft
0
days listed
0.16
acre lot

The details

Type
Office
Year built
1960
MLS #
1242282

About this home

Located at the corner of a key intersection in the heart of Downtown Norman, offering high visibility and accessible location in one of the city’s most active and desirable areas. Its corner positioning provides strong frontage and exposure, making it an ideal site for a variety of commercial or mixed-use opportunities. Gray Street has recently been fully reconstructed by the City, featuring new sidewalks, updated lighting, improved drainage, and reconfigured street parking. These upgrades have enhanced both the functionality, value and appeal of the corridor, supporting increased foot traffic and long-term investment in the surrounding area. The property is currently zoned C-3 commercial, allowing for a wide range of uses. This site also presents an opportunity for a mixed-use concept through rezoning, aligning with the continued evolution and momentum of Downtown Norman. Just minutes from Campus Corner, the University of Oklahoma, and a growing mix of local businesses, 231 East Gray Street is well-situated for an owner or investor looking to be part of the next phase of Downtown Norman growth.

Price history

Listed for sale
Aug 1, 2026

History from MLS records since this home was listed.

Monthly cost

— / month

Principal, interest, taxes, insurance, and HOA.

Principal & interest
—
Property taxes
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Home insurance
—
HOA
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An estimate, not a quote. Rates vary by lender and credit.

Recently sold nearby

Sold home at 318 E Main StreetSold
$2,800
2,250 sq ft
318 E Main Street
Sold Nov 2025 · 0.1 mi away
Listing courtesy of Stonehenge Properties LLC
Sold home at 217 Daws Street #BSold
$850
1 BD · 1 BA · 650 sq ft
217 Daws Street #B
Sold Aug 2026 · 0.1 mi away
Listing courtesy of Rieger Realty LLC
Sold home at 320 N Peters AvenueSold
$345,000
3 BD · 2 BA · 1,409 sq ft
320 N Peters Avenue
Sold Dec 2025 · 0.1 mi away
Listing courtesy of Keller Williams Realty Mulinix
Sold home at 113 S Beal StreetSold
$88,500
1 BD · 1 BA · 808 sq ft
113 S Beal Street
Sold Jan 2026 · 0.2 mi away
Listing courtesy of Old Town, REALTORS
Sold home at 306 E Hughbert StreetSold
$355,000
4 BD · 3 BA · 1,719 sq ft
306 E Hughbert Street
Sold Jan 2026 · 0.2 mi away
Listing courtesy of RE/MAX First
Sold home at 306 E Hughbert StreetSold
$355,000
4 BD · 3 BA · 1,719 sq ft
306 E Hughbert Street
Sold Jan 2026 · 0.2 mi away
Listing courtesy of RE/MAX First

MLSOK Listing provided courtesy of Morgan Duke, Heather & Company Realty Group ((405) 735-1777). Status: Active.

Listings courtesy of MLSOK as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of Aug 17, 2026, 3:37 PM CT. 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. Some IDX listings have been excluded from this website.

Properties displayed may be listed or sold by various participants in the MLS, as established by the applicable MLS Governing Documents.

The listing information provided here is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use or search of this data other than by a consumer looking to purchase real estate is prohibited.

Data last updated Aug 17, 2026, 3:37 PM CT. MLS # 1242282. Homestead & Co is a licensed Oklahoma real estate brokerage.

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