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Fenced Commercial Development Land
For Sale
$695,000

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

Commercial Land, Grand Junction, CO

Property SizeContact for details
Lot Size0.93 Acres
Days on Market244

Property Features for 697 27 1/2 Court

General Information

Property type Commercial Sale
Property subtype Other
Zoning COM
Fencing Fenced
Subdivision Out of Area
Directions From Roundabout on Horizon Dr and 27 1/2 Rd, turn left onto 27 1/2 Ct. See signs, property will be on your left.
Standard status Active
APN 294501200008
Lot size 0.93 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BEG NE COR NE4NW4 SEC 1 1S 1W S 230FT W 230FT N 230FT E TO BEG EXC RD ROW AS PER B-1426 P-244 THRU 245 MESA CO RECDS
Tax Annual Amount 2842
Legal Description BEG NE COR NE4NW4 SEC 1 1S 1W S 230FT W 230FT N 230FT E TO BEG EXC RD ROW AS PER B-1426 P-244 THRU 245 MESA CO RECDS

Utilities

Water source Public
Listing Agency: United Country Real Colorado Properties
Listed By: Michael S Kreig
Added: Jan 14 Changed: Sep 12 Last Checked: Sep 15 at 10:06AM
MLS# 191353

Copyright © 2026 Aspen Glenwood MLS. 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 0.93-acre commercial land parcel is zoned COM and includes two existing homes. One is identified as a historic property requiring remodeling, while the second is in good condition and currently operates as an Air B&B. The site is fenced and served by public water.

Positioned along the Horizon Dr corridor, the elevated property overlooks the Starbucks on Horizon and the planned roundabout at 27 1/2 Rd and Horizon Dr. The parcel is described as a corner lot, with the roundabout expected to provide additional access when complete.

Key Highlights

  • 0.93‑acre commercial parcel zoned COM
  • Two existing homes, including a historic property needing remodeling
  • Second home is in good condition and used as an Air B&B

Property Analytics

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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.

Lease Details

Turnkey business
Opportunity

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Fenced commercial parcel with public water and two existing homes.
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: 0.93‑acre commercial parcel zoned COM; Two existing homes, including a historic property needing remodeling; Second home is in good condition and used as an Air B&B
More about this property
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