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Commercial Development Land Site
For Sale
$695,000

697 27 1/2 Court, Grand Junction, CO 81506

LAND - Grand Junction, CO

Lot Size0.93 Acres
Days on Market32

Property Features for 697 27 1/2 Court

General Information

Property type Land
Property subtype Other
Directions From Roundabout on Horizon Dr and 27 1/2 Rd, left onto 27 1/2 Ct. See signs, property on left.
Standard status Active
Lot size 0.93 Acres
Listing Agency: Real Colorado Properties
Listed By: Omar Richardson
Added: Jun 30 Last Checked: Jul 31 at 9:06PM
MLS# 831022

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This offering is an almost one-acre commercial development land site featuring two existing homes. One home is described as historic and in need of a remodel, while the other is described as currently used as an Air B and B and in great condition. The property is positioned high atop the hill with visibility that supports office and professional service development.

The location is along the Horizon Dr corridor in Grand Junction, with visibility called out for the corner lot. The remarks also reference completion of a new roundabout at 27 1/2 Rd and Horizon Dr, and the adjacent new Starbucks location, both intended to support improved access and continued area activity.

For tenants, buyers, or operators looking to establish a medical, dental, or law office, the site offers an office-focused development setting with room to plan around the existing structures. Because two residences are already on-site, this property may also appeal to users who want options for phased redevelopment or to support near-term use while planning longer-term improvements.

Key Highlights

  • Almost an acre of commercial development land on the Horizon Dr corridor
  • Two homes on the property: one historic home in need of a remodel
  • Second home is currently used as an Air BnB

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Dental Office Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

569
Businesses Nearby

Demographics for 81506, CO

11,412
Population
5,737
Households
2
Avg Household Size
52
Median Age
43%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
477
Density / Sq Mi
$76,464
Median Household Income
$40,705
Median Earnings
$1,211
Median Rent
$428,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Nearly one acre of commercial development land with existing residences, suited for office-oriented uses.
Where is this commercial land located?
The property is located at 697 27 1/2 Court Grand Junction, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Almost an acre of commercial development land on the Horizon Dr corridor; Two homes on the property: one historic home in need of a remodel; Second home is currently used as an Air BnB
More about this property
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