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    102 Main St Creede, CO 81130

    For Sale
    $692,000

    Historic Main Street retail, high ROI potential.

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a 2,500-square-foot retail building situated on a half-acre lot at 102 Main Street in the vibrant town of Creede, Colorado. The property boasts two established, separately operating retail spaces currently occupied by a T-shirt shop and an olive oil store, both benefiting from high tourist traffic in this historic mining town. An interior connecting door allows for potential consolidation into a single, larger retail space. Each tenant has its own electric meter, and utilities include electricity, a pellet stove, municipal water and sewer, and phone service. The Creede Olive Oil shop generates a consistent $1300 monthly rent. The T-shirt shop, while exhibiting a very high return rate, requires continued operation as a T-shirt store to maximize the building's income potential. The property's location on Main Street places it at the heart of Creede's bustling tourist activity, attracting visitors drawn to the town's unique shops and rich history. Creede's popularity as a vacation destination and outdoor recreation hub, coupled with the annual Creede Repertory Theater season, ensures a steady stream of visitors throughout the year. This presents a compelling investment opportunity with projected annual returns of 15% to 20%, making it an attractive addition to any portfolio. The property offers a blend of established income and significant upside potential in a picturesque, high-demand location.

    Property Features for 102 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    2,500 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Creede
    County
    Mineral
    State
    Colorado
    Longitude
    -106.9269
    Latitude
    37.85295

    Nearby Comparable

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      Land For Sale

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      Land Near Creede, Colorado

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    Nearby Similar for Sale

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      Creede Restaurant Space For Sale

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      Prime Creede Retail Investment

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      Creede Main Street Mixed-Use Property

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      243 Main St, Creede, CO 81130
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    FAQs

    What type of property is this?
    Retail property - Historic Main Street retail, high ROI potential.
    Where is this retail property located?
    The property is located at 102 Main St Creede, CO.
    What is the asking price?
    The asking price for this property is $692,000.
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    102 Main St Creede, CO 81130
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    Creede, CO 81130
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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
    102 Main St Creede, CO 81130
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