Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1 W 1St St Cortez, CO 81321

    For Sale
    $289,000

    Multi-Use - Cortez, CO

    Property size:
    2,141 SF
    Lot size:
    0.16 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 1 W 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,141 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1922
    Architectural style
    Other

    United Country Blue Sky Homes and Land (970) 516-1759 [email protected]

    Listing agent Mindi Clark (970) 516-1759

    Listing date Sep 30, 2025

    MLS# 822075 Listing URL

    Copyright © 2025 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Cortez Multi-Use Investment Property

    This commercial property in downtown Cortez, located one block off Main Street, presents an investment opportunity. It features three units: a main building with an attached studio, previously rented for $1,850 per month and currently vacant, and a tanning salon leased through July 2026 at $800 per month. The main building received a new roof in April 2025. The property has secured historic designation through the City of Cortez, which offers tax breaks and incentives for renovations and improvements. Zoned Neighborhood Commercial, the property allows for professional, residential, or multifamily development, subject to buyer due diligence. Based on current and potential rents, the property offers an attractive 11.0% cap rate. The seller is offering a $10,000 concession towards closing costs at closing with a full price offer.
    Location Intelligence

    Current Use by Public Records

    Bethany Demarco Acupuncturist Cortez Family Acupuncture: ... Acupuncture Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.5854263
    Latitude
    37.3474268

    Nearby Similar for Sale

    • $490,000
      6.33 Acres

      Versatile Property with Tiny Home

      6.33-acre property with tiny home, RV spots, and commercial potential.
      6493 Road 23.6, Cortez, CO 81321
      View Details
    • $895,000
      6,031 SF

      Restaurant and Bar on Large Lot

      Over 6,000 sqft restaurant/bar on 1 acre near highway.
      2591 E Main St, Cortez, CO 81321
      View Details
    • $485,000
      9,715 SF

      Highway Commercial Property with Warehouse

      Commercial property with service garage, warehouse, and highway frontage.
      27 S Broadway, Cortez, CO 81321
      View Details
    • $485,000
      4,834 SF

      Versatile Commercial Buildings on Main Street

      Two connected buildings in historic Cortez, ideal for diverse ventures.
      116 W Main St, Cortez, CO 81321
      View Details
    • $350,000
      6,320 SF

      Highway Commercial Building Opportunity

      Large commercial building suitable for storage and auto body shop.
      22824 Road, Cortez, CO 81321
      View Details
    • $650,000
      1.62 Acres

      Cortez Mobile Home Park Opportunity

      Mobile home park with 17 spaces in Cortez, Colorado.
      520 E 2Nd St, Cortez, CO 81321
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial property with redevelopment potential and tax incentives in downtown Cortez.
    Where is this mixed-use property located?
    The property is located at 1 W 1St St Cortez, CO.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - Seller offering a $10,000 concession towards closing costs with a full price offer.; - **Attractive 11.0% cap rate** based on current and potential rents.; - Historic designation secured, offering valuable tax breaks and incentives.
    (970) 516-1759
    Request Owner's contact information
    1 W 1St St Cortez, CO 81321
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 W 1St St
    Cortez, CO 81321
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 W 1St St Cortez, CO 81321
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.