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    116 W Main St Cortez, CO 81321

    Under Contract
    For Sale
    $485,000

    Multi-Use - Cortez, CO

    Property size:
    4,834 SF
    Lot size:
    0.15 Acres
    Days on Market:
    54
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 116 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Size
    4,834 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1957
    Architectural style
    Other

    Paul Adams (970) 529-7001 [email protected]

    Listing agent Khrysta Woody (970) 529-7001

    Listing date Oct 21, 2025

    MLS# 824296 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

    Versatile Commercial Buildings on Main Street

    Located on Main Street in historic Cortez, Colorado, this property features two connected commercial buildings, each with its own address. The combined space offers over 4800 square feet, providing flexibility for operating one large business or two separate businesses. The property has been recently updated and is suitable for various ventures, including retail, professional offices, a restaurant, or a bar. A move-in-ready kitchen space with existing amenities and infrastructure facilitates easy and cost-effective food service conversion. A notable feature is a 10x18-foot walk-in vault, suitable for secure storage, a private wine room, or a design centerpiece. The interior includes two restrooms, two private offices, and a flexible floor plan. Situated on the sunny north side of Main Street, the location benefits from high visibility, foot traffic, and natural light. The property also includes private rear parking and convenient access from both the main street and a rear entrance. The property sits on a 0.15-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -108.5870922
    Latitude
    37.3487611

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    FAQs

    What type of property is this?
    Retail space - Two connected buildings in historic Cortez, ideal for diverse ventures.
    Where is this retail space located?
    The property is located at 116 W Main St Cortez, CO.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Prime Main Street location in historic Cortez with high visibility and foot traffic.; - Two connected commercial buildings (4800+ sq ft) offering flexibility for one large business or two separate ventures.; - Turnkey opportunity with recent updates, suitable for retail, offices, restaurant, or bar.
    (970) 529-7001
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    116 W Main St Cortez, CO 81321
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    Cortez, CO 81321
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    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
    116 W Main St Cortez, CO 81321
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