Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    402 Main St Canon City, CO 81212

    View on Map
    Sponsored
    For Sale
    $415,000

    COMMERCIAL - Canon City, CO

    Type:Office
    Lot size:
    0.14 Acres
    Days on Market:
    31
    Last Refresh:
    Mar 16 at 11:06 am

    Property Features for 402 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    11003030
    Lot size
    0.14 Acres

    We can help!

    Listing Contact
    Daniel J. Ullery-Oatney

    BHHS ROCKY MOUNTAIN FLORENCE (719) 372-1788

    Listing agent Daniel J. Ullery-Oatney (719) 675-6700

    Listing date Feb 13, 2026

    MLS# 7136810

    Copyright © 2026 Royal Gorge Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Mixed-Use Building in Canon City

    Located in the heart of historic Canon City, Colorado, this renovated three-story commercial building dates back to 1888. The property offers flexibility for various uses, including a large business space, a ground-floor business with apartments above, or multiple office spaces. It features a strong rental history, exterior entry/exit on all three floors, historic features, and handicap-accessible ground floor. New electrical wiring, a newer furnace, and plumbing have been installed. The ground floor includes ADA-compliant bathrooms, a kitchenette, a 220-volt outlet, and a conference room, while retaining original tin ceilings. The upper level features original hardwood floors, wooden doors, and a Victorian pocket door. With some improvements, the upper level could accommodate several apartments with separate access via an exterior deck. A rear deck on the upper level offers mountain views and access to the alley. The lower level, currently used for storage, has concrete floors and the potential to reopen access to the street level. The property is located in the central business district, close to amenities and with high foot traffic. The building has exterior entry/exit available on all three floors and charming historic features.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canon City
    County
    Fremont
    State
    Colorado
    Longitude
    -105.241655
    Latitude
    38.439739

    Nearby Similar for Sale

    • $750,000
      3,080 SF

      Warehouse and Flooring Business Opportunity

      3,080 sq ft warehouse with established flooring business.
      300 Dozier Ave, Canon City, CO 81212
      View Details
    • $750,000
      3,080 SF

      Warehouse with Flooring Business Included

      3,080 sq ft warehouse and established flooring business for sale.
      300 Dozier Ave, Canon City, CO 81212
      View Details
    • $590,000
      5,200 SF

      Established Restaurant on Main Street

      Well-established Italian restaurant in Canon City for sale.
      231 Main St, Canon City, CO 81212
      View Details
    • New
      $349,900
      0.12 Acres

      Main Street Commercial Space Available

      Flexible commercial space in a prime Main Street location.
      1118 Main St, Canon City, CO 81212
      View Details
    • $399,900
      3,000 SF

      Commercial Shop with Fenced Lot

      Commercial shop with bays on a large, fenced lot.
      714 S 8Th St, Canon City, CO 81212
      View Details
    • $749,999
      5,200 SF

      Established Restaurant on Main Street

      Well-established restaurant with real estate, furniture, and fixtures included.
      231 Main St, Canon City, CO 81212
      View Details
    • $1,575,000
      2.42 Acres

      Versatile Commercial Space with Extra Land

      39,974 sqft commercial space with retail, office, warehouse potential.
      1630 E Main St, Canon City, CO 81212
      View Details
    • $550,000
      0.24 Acres

      Canon City Commercial Building For Sale

      Commercial building in historic Canon City, Colorado, with parking lot.
      512 Royal Gorge Blvd, Canon City, CO 81212
      View Details
    • $575,000
      0.28 Acres

      Remodeled Commercial Building For Sale

      Remodeled commercial building in Canon City, Colorado, with high visibility.
      402 Royal Gorge Blvd, Canon City, CO 81212
      View Details
    • New
      $415,000
      0.07 Acres

      Historic Mixed-Use Building in Canon City

      Renovated 1888 building in downtown Canon City with income potential.
      402 Main St, Canon City, CO 81212
      View Details
    • $415,000
      0.14 Acres

      Mixed-Use Building in Downtown Canon

      Corner building with mixed-use potential in Canon City's heart.
      402 Main St, Canon City, CO 81212
      View Details
    • $475,000
      1.00 Acre

      Canon City Storage Facility

      Fully rented storage building with upside potential in Canon City.
      1271 Lawrence Ave, Canon City, CO 81212
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Renovated 1888 commercial building in historic downtown Canon City.
    Where is this mixed-use property located?
    The property is located at 402 Main St Canon City, CO.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: - Recently renovated 1888 historic commercial building in downtown Canon City.; - Flexible multi-use space: business, apartments, or offices.; - Strong rental history and income-producing potential.
    (719) 675-6700
    Request Owner's contact information
    402 Main St Canon City, CO 81212
    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.
    402 Main St
    Canon City, CO 81212
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    402 Main St Canon City, CO 81212
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Daniel J. Ullery-Oatney
    (719) 675-6700 (719) 372-1788
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!