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For sale
Office Units
CO
Greeley
1024 8 Street

Renovated Commercial Building in Downtown

1024 8 Street, Greeley, CO

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For Sale

Contact for pricing

Fully renovated commercial building with flexible space in downtown Greeley.

Type:OFFICE

Property size:

3,583 SF

Lot size:

0.14 Acres

Price / SF:

$195/SF

HighLights

Fully renovated residential to commercial conversion in downtown Greeley.
Greeley’s only licensed commissary kitchen with income potential from rentals (contact broker for details).
Rare off‑street parking in downtown Greeley.
Flexible property suitable for a wide range of creative uses.
Upgrades include a commercial kitchen, fire sprinkler, ADA compliance, and a second kitchen.
Close proximity to the new downtown Civic Campus & Justice Center.

We can help!

Listing Contact

Gage Osthoff

For Sale

Contact for pricing

Fully renovated commercial building with flexible space in downtown Greeley.

Type:OFFICE

Property size:

3,583 SF

Lot size:

0.14 Acres

Price / SF:

$195/SF

Added:: Oct 14, 2024
Days on Market:: 618
Last Refresh:: May 20 at 9:42 pm

Property Features for 1024 8 Street

General Information

Standard status: Active
Size: 3,583 SF
Lot size: 0.14 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Gage Osthoff

Listing agent Gage Osthoff License #FA100040761

Listing office Realtec Greeley

Listing date Oct 14, 2024

Source Moodyscre

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 Realtec Greeley

HighLights

Fully renovated residential to commercial conversion in downtown Greeley.
Greeley’s only licensed commissary kitchen with income potential from rentals (contact broker for details).
Rare off‑street parking in downtown Greeley.
Flexible property suitable for a wide range of creative uses.
Upgrades include a commercial kitchen, fire sprinkler, ADA compliance, and a second kitchen.
Close proximity to the new downtown Civic Campus & Justice Center.

Overview

This fully renovated residential to commercial conversion is located in downtown Greeley. The property offers an excellent owner/user opportunity with potential income from commissary kitchen rentals. Upgrades include a commercial kitchen (without a hood or grease trap), a fire sprinkler system, and ADA accessibility features, as well as the addition of a second kitchen. Rare off-street parking is available in downtown Greeley. The property maintains a historic feel with modern, functional upgrades. It is located in close proximity to the new downtown Civic Campus & Justice Center. As Greeley’s only licensed commissary kitchen, the property provides flexible space suitable for various creative uses such as a gallery, studio, cafe/restaurant, event or retreat space, retail showroom, professional office, salon, med spa, architect, design, or executive suites. The property size is 3583 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$64.5k	$18.00
− Vacancy	−$3.5k	−$0.99
EGI	$60.9k	$17.01
− OpEx	−$15.2k	−$4.25
NOI	$45.7k	$12.76

3,583 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$653.0K

$571.4K – $761.8K (±1% cap)

NOI $45,710 @ 7.0% cap · market cap 6.53%

Second Best

Specialty Retail

$619.8K

$542.4K – $723.1K (±1% cap)

NOI $43,388 @ 7.0% cap · market cap 6.20%

Theoretical Best

—

same as Best Use

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

Property Profile Location Intelligence

Current Use by Public Records

Jenna Rose Inc: ... Family Counselor Brighten the Brain Counselor Greeley Game Night ... Arcade & Gaming Center Greeley Events at Boomer ... Hotel & Motel CSD Computer & Electronic Repair

Suggested Use

Location Insight

Map
Local Demand

City: Greeley
County: Weld
State: Colorado
Longitude: -104.696
Latitude: 40.4246

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For sale
Office Units
CO
Greeley
1024 8 Street

What type of property is this?

Office units - Fully renovated commercial building with flexible space in downtown Greeley.

Where is this office units located?

The property is located at 1024 8 Street Greeley, CO.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Fully renovated residential to commercial conversion in downtown Greeley.; Greeley’s only licensed commissary kitchen with income potential from rentals (contact broker for details).; Rare off‑street parking in downtown Greeley.

1024 8 Street, Greeley, CO

Fully renovated commercial building with flexible space in downtown Greeley.

Property Features for 1024 8 Street

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Greeley Commercial Property Investment Opportunity

Turnkey Triplex Income Property

Professional Office Condo

Updated Fourplex in Prime Location

Mixed-Use Opportunity in Downtown Greeley

Versatile Industrial/Manufacturing Building in Greeley

All-Brick Duplex Investment Opportunity

Greeley Industrial Building with Yard

Versatile Industrial/Manufacturing Building in Greeley

Mixed-Use Investment Opportunity in Greeley

Greeley Fourplex: Investor Opportunity

West Greeley Corner Office Space

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