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Ground-Floor Retail Suite on 15th

1020 15th Street Unit 1V Denver, CO 80202

1020 15th Street Unit 1V, Denver, CO, 80202
$650,000
For Sale
Claim this Listing
$650,000

Retail, showroom, or creative office space with potential for restaurant.

Property Size2,394 SF
Price / SF$271.51
AddedMay 14
Days on Market63
Last RefreshJun 29 at 8:19 pm

Property Features for 1020 15th Street Unit 1V

General Information

Standard status
Active
Size
2,394 SF
Property subtype
Retail

Building Details

Year Built
1967

Listing office

Listing date May 14, 2026

Source Svn

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 Elizabeth M. Leder, Esq.


Investment Insights

Based on property information with market context.

This ground-floor retail suite offers high visibility with street-to-ceiling windows and tall ceilings, creating a bright, modern space suitable for retail, showroom, creative office, or service-based businesses. The property offers the ability to add an in-suite bathroom or build out a full commercial kitchen, providing potential for restaurant or café use. The 2,394 square foot space is located on 15th Street, near the reopened 16th Street Mall. Residents of the Brooks Tower condominium live directly above, contributing to a built-in customer base, with 35,000 downtown residents in the immediate trade area. The flexible floor plan is enhanced by street-to-ceiling windows and tall ceilings. Ownership includes access to amenities such as a pool, lounge deck, fitness center, billiards room, and conference facilities. The property benefits from strong co-tenancy with businesses such as 7-Eleven, Salon Moda Capelli, Tip-to-Toe, and ACE Hardware on-site. DPAC, The Curtis, and 16th Street are located nearby. The Downtown Denver Partnership provides support to new owners, including assistance with tax credit applications through Denver's Business Investment Program.

Key Highlights

  • Prime ground‑floor retail space with exceptional visibility and street‑to‑ceiling windows.
  • Flexible floor plan with the ability to easily add an in‑suite bathroom or full commercial kitchen.
  • Priced to sell at $750,000 for 2,394 SF of ground‑floor retail ownership.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $49.1k $20.52
− Vacancy −$2.3k −$0.96
EGI $46.8k $19.56
− OpEx −$14.0k −$5.87
NOI $32.8k $13.69
2,394 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 30.00%

Alternative Uses

Best Use
Retail
$468.2K
$409.6K – $546.2K (±1% cap)
NOI $32,771 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$762.1K
$666.8K – $889.1K (±1% cap)
NOI $53,347 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ultimate Denver Gift ... (Bike/Boat/Book/etc) Store SageWater General Contractor Brooks Tower Residences Condominium Complex Adnio Marketing & Advertising GARNPO Charitable Organization

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nursing Home Adult Day Care Restaurant Pet Grooming Service Nursing Home (Bike/Boat/Book/etc) Store Clothing & Fashion Store Mobile Phone Store

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

FAQs

What type of property is this?
Retail space - Retail, showroom, or creative office space with potential for restaurant.
Where is this retail space located?
The property is located at 1020 15th Street Unit 1V Denver, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime ground‑floor retail space with exceptional visibility and street‑to‑ceiling windows.; Flexible floor plan with the ability to easily add an in‑suite bathroom or full commercial kitchen.; Priced to sell at $750,000 for 2,394 SF of ground‑floor retail ownership.
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