Ground-Floor Retail Suite on
1020 15th Street Unit 1V Denver, CO 80202
For Sale
$650,000
Retail, showroom, or creative office space with potential for restaurant.
Property Size2,394 SF
Price / SF$271.51
Days on Market74
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 Agency:
(720) 840-3960
Listed By:
Elizabeth M. Leder, Esq.
(720) 840-3960
Source:
Svn
Added: May 14
Changed: Jul 10
Last Checked: Jul 26 at 7:11AM
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.
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
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
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
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.
