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    243 Main St Creede, CO 81130

    Sponsored
    For Sale
    $990,000

    Prime Location, High-Income Potential

    Property size:
    3,178 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 243-247 South Main Street in Creede, Colorado, presents a unique investment opportunity. The 3,178 square foot building sits on a 0.12-acre lot and boasts a thriving commercial presence. Two established retail shops, each equipped with a half-bath, currently operate successfully within the building. Adding to the income potential are two separately rented apartments, a profitable kiosk, and a versatile workshop/storage area. The property's versatility allows for owner-occupancy, combining living and working spaces, or maximizing rental income by leasing each section individually. Three commercial water taps provided by the City of Creede offer significant flexibility and potential for expansion. The current inventory of both retail shops is available for purchase separately, alongside the property itself. This turnkey operation provides immediate income streams from both the retail and residential components, making it an attractive proposition for savvy investors seeking a high-return, established business in a desirable Colorado location. The property's prime Main Street location ensures high visibility and foot traffic, further enhancing its commercial appeal. This is a rare opportunity to acquire a well-established and profitable mixed-use property in the heart of Creede.

    Property Features for 243 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,178 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Creede
    County
    Mineral
    State
    Colorado
    Longitude
    -106.927
    Latitude
    37.85129

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High-Income Potential
    Where is this mixed-use property located?
    The property is located at 243 Main St Creede, CO.
    What is the asking price?
    The asking price for this property is $990,000.
    Request Owner's contact information
    243 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
    243 Main St Creede, CO 81130
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