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Mixed-Use Property in Prime Location
For Sale
$329,900
Pending

605 & 605 1/2 N 1ST Street, Montrose, CO 81401

Two-story building with office and residential spaces.

Property Size2,231 SF
Days on Market1045

Property Features for 605 & 605 1/2 N 1ST Street

General Information

Standard status Pending
Size 2,231 SF
Property subtype Mixed Use

Taxes and HOA fees

Annual Taxes $2,736

Amenities

3
Office
Parking.
On Street, Off Street, Paved Driveway.
.121, Less than 1/2

Building Details

Year Built 1905
Stories 2
Listing Agency: Norris-Phillips Real Estate, LLC
Listed By: Doug Phillips
Source: Xome
Added: Oct 16, 2023 Changed: Aug 12 Last Checked: Aug 25 at 5:20AM

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 Norris-Phillips Real Estate, LLC

Investment Insights

Based on property information with market context.

This two-story mixed-use property includes a basement and features a main-level office space. The office area provides ample room for desks, a private office, a bathroom, and a kitchen area. The upper level contains a separate two-bedroom, one-bathroom apartment. The property is surrounded by trees and a well-kept lawn. It is located within walking distance of various businesses, including retail shops and restaurants. The property has a size of 2231 square feet.

Key Highlights

  • Prime location within walking distance to retail shops and restaurants.
  • Versatile property suitable for office and residential use.
  • Two‑story building with a basement.

Property Analytics

Current Use

Aspen Ridge Insurance Insurance Agency

Suggested Use

Top Pick Locksmith Parking Lot & Garage Butcher (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,617
Businesses Nearby

Demographics for 81401, CO

23,266
Population
10,782
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
200.2 sq mi
ZIP Area
116
Density / Sq Mi
$63,541
Median Household Income
$36,548
Median Earnings
$1,090
Median Rent
$343,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story building with office and residential spaces.
Where is this mixed-use property located?
The property is located at 605 & 605 1/2 N 1ST Street Montrose, CO.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Prime location within walking distance to retail shops and restaurants.; Versatile property suitable for office and residential use.; Two‑story building with a basement.
More about this property
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