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    1150 Main Ave Durango, CO 81301

    For Sale
    $2,200,000

    Historic Durango Commercial Property: High-Return Investment

    Property size:
    7,922 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use commercial building, located at 1150 Main Avenue in Durango, Colorado's historic downtown, presents a rare investment opportunity. The 7,922-square-foot, single-story structure, originally built in 1901, has undergone extensive remodeling and modernization, resulting in a high-quality property. The building boasts a highly desirable Main Street location, situated near Buckley Park, within a thriving business district. The property comprises three distinct areas: a successful Mexican restaurant (lease included, business not for sale), a 1,895-square-foot professional office space with six private offices, a conference room, break room, and separate restrooms (partially furnished), and a unique 1,280-square-foot warehouse/open workspace with high ceilings, offering versatile usage options. Both the restaurant and office spaces have independent Main Street entrances. Rear access provides additional outdoor patio space. The office and warehouse spaces are currently available for lease at a combined $5,000 per month. This offering is for the building only. This property offers a compelling blend of established income and significant potential for future growth, making it an ideal investment in a vibrant and sought-after location. The building's prime location, combined with its versatile layout and recent renovations, ensures a strong return on investment.

    Property Features for 1150 Main Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,922 SF

    Building Details

    Year Built
    1901
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Taco Libre - Taqueria ... Mexican Restaurant Smiley David Financial Planner Maroc Collar Store

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.8795
    Latitude
    37.27615

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Durango Commercial Property: High-Return Investment
    Where is this mixed-use property located?
    The property is located at 1150 Main Ave Durango, CO.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (970) 259-3333
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    1150 Main Ave Durango, CO 81301
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    Durango, CO 81301
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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
    1150 Main Ave Durango, CO 81301
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