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    1245 Main St Montrose, CO 81401

    For Sale
    $419,888

    High-traffic corner lot office, ample parking.

    Property size:
    2,969 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, situated at 1245 E MAIN Street, Montrose, CO, presents a unique investment opportunity. Boasting 2,969 square feet of versatile space on a 0.21-acre corner lot at the busy intersection of Main Street and San Juan Bypass/Hwy 50, this building offers unparalleled visibility and accessibility. The main floor features a spacious reception area, perfect for welcoming clients, along with eight individual offices, a convenient kitchen, and two restrooms. Upstairs, two additional offices provide extra space for expansion or specialized functions. The unfinished basement offers valuable storage potential. Ample parking is available in a private, paved, off-street lot, ensuring convenience for employees and clients. The property is zoned B-2, allowing for a variety of uses including retail, restaurants, office space, and service establishments. This zoning flexibility maximizes the property's potential for diverse business ventures. The strategic location, combined with the Opportunity Zone designation, presents significant tax advantages for qualified buyers. Owner financing may be available to suitable buyers, subject to qualifying terms. This property is also available for lease under MLS# 817233. Don't miss this chance to acquire a thriving commercial property in a high-demand area.

    Property Features for 1245 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,969 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1923
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Montrose Business Times Newspaper Publisher Our Town Matters Marketing Agency Tim's Auto Glass ... Auto Glass Shop Proven Learning Solutions, ... Tutoring Service Greater Montrose Chamber ... Chamber Of Commerce

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8677
    Latitude
    38.48593

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic corner lot office, ample parking.
    Where is this office property / space located?
    The property is located at 1245 Main St Montrose, CO.
    What is the asking price?
    The asking price for this property is $419,888.
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    1245 Main St Montrose, CO 81401
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    Montrose, CO 81401
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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
    1245 Main St Montrose, CO 81401
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