Historic Storefront with Flexible
For Sale
$680,000
101-2413 W Colorado Ave, Colorado Springs, CO 80903
A mix of rooms, a private office, breakroom, lavatory and rear storage support a range of commercial configurations.
Property Size2,625 SF
Price / SF$259.05
Days on Market9
Property Features for 101-2413 W Colorado Ave
General Information
Standard status
Active
Size
2,625 SF
Zoning
MX-L
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,296
Amenities
private office/breakroom
lavatory
ample storage area
Listing Agency:
Colorado Su Casa Realty LLC
(719) 445-2018
Listed By:
Nancy Milliron · License #400038429-ER
(719) 330-2954
Source:
Exprealty
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 28 at 10:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colorado Su Casa Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic commercial condo contains approximately 2,625 SF arranged in multiple rooms and alcoves. The existing layout also includes a private office, breakroom, lavatory and storage near the rear alley entrance. MX-L zoning allows retail, office, restaurant, entertainment and hospitality uses.
The storefront is on West Colorado Avenue in Old Colorado City, directly across from Bancroft Park. Highway 24 and downtown Colorado Springs are accessible from the property.
The storefront is on West Colorado Avenue in Old Colorado City, directly across from Bancroft Park. Highway 24 and downtown Colorado Springs are accessible from the property.
Key Highlights
- Approximately 2,625 SF in a historic commercial condo
- MX‑L zoning supports retail, office, restaurant, entertainment and hospitality uses
- Multiple rooms, private office, breakroom and lavatory
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,587
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,740
$631.7K
Cap Rate 7%
$451,243
$451.2K
Cap Rate 9%
$350,967
$351.0K
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$47.3K $18.00/SF
− Vacancy
−$2.1K −$0.81/SF
EGI
$45.1K $17.19/SF
− OpEx
−$13.5K −$5.16/SF
NOI
$31.6K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,740
Cap Rate 7%
$451,243
Cap Rate 9%
$350,967
Alternative Uses
Best Use
Retail
$451.2K
$394.8K – $526.5K
NOI $31,587 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,687
Businesses Nearby
82k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 32%
Hotels & Casinos 25%
Electronics 2%
Dutch Bros. Coffee
Dining
16,776 visits/mo
0.3 miles
SpringHill Suites by Marriott Colorado Springs Downtown
Hotels & Casinos
11,361 visits/mo
0.3 miles
Carl's Jr.
Dining
9,767 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,746 visits/mo
0.5 miles
Wells Fargo
Shops & Services
4,826 visits/mo
0.3 miles
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Similar Off Market Nearby
- Snev Florist — 330 S Nevada Ave, Colorado Springs, CO 80903, United States
- Bloom Bar & Co. Craft Floral Boutique — colorado springs, co 80903
- KAE | Event Studio & Floral Boutique — 120 Pueblo Ave, Colorado Springs, CO 80903
- Fantastic Flowers — 714 E Vermijo Ave, Colorado Springs, CO 80903
- Colorado Springs Field Fresh Florist in Colorado Springs, Colorado — W Colorado Ave, Colorado Springs, CO 80903, United States
Frequently Asked Questions
What type of property is this?
Storefront property - A mix of rooms, a private office, breakroom, lavatory and rear storage support a range of commercial configurations.
Where is this storefront property located?
The property is located at 101-2413 W Colorado Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Approximately 2,625 SF in a historic commercial condo; MX‑L zoning supports retail, office, restaurant, entertainment and hospitality uses; Multiple rooms, private office, breakroom and lavatory
