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    818 Colorado Ave Grand Junction, CO 81501

    Picture of Commercial land at Colorado Ave 818, Grand Junction, CO
    For Sale
    $435,000

    COMMERCIAL - Grand Junction, CO

    Lot size:
    0.43 Acres
    Days on Market:
    160
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 818 Colorado Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    2945-144-21-028
    Lot size
    0.43 Acres

    Utilities

    Water source
    Public

    RE/MAX 4000, INC (970) 241-4000

    Listing agent Brad Higginbotham (970) 261-3058

    Listing date Jun 30, 2025

    Overview

    Downtown Grand Junction Land Opportunity

    This commercial land opportunity comprises six original City of Grand Junction platted lots, each measuring 25 ft x 125 ft, totaling 150 ft x 125 ft. The property is located two blocks from 7th and Main Streets, formerly a Mountain Bell parking lot. It fronts Colorado Avenue, east of 8th Street, on the north side. The seller has prior-approved civil and architectural plans for six duplex-styled, two-story townhomes of 1600 sq ft, each with alley-load double car garages and 400 sq ft ADUs above each double garage. This remarkable opportunity is situated in the vibrant downtown area. The property includes Lots 23, 24, 25, 26, 27 & 28, identified as Parcels 2945-144-21-023, -024, -025, -026, -027 & 28, and addressed as 846, 840, 834, 828, 822 & 818 Colorado Avenue. The lot size is 0.43 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Daycare Center Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.558829
    Latitude
    39.066608

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    FAQs

    What type of property is this?
    Commercial land - Six platted lots near Main Street with development plans.
    Where is this commercial land located?
    The property is located at 818 Colorado Ave Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - Prior-approved civil and architectural plans for six duplex-styled townhomes.; - Large 150 ft x 125 ft lot (six original city lots).; - **Prime downtown location: just 2 blocks from 7th and Main Streets.**
    (970) 261-3058
    Request Owner's contact information
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    Grand Junction, CO 81501
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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
    818 Colorado Ave Grand Junction, CO 81501
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