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    1053 Main Ave Durango, CO 81301

    Sponsored
    For Sale
    $935,000

    Historic Main Ave. retail/office space.

    Property size:
    2,441 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional commercial property at 1053 Main Avenue in Durango, Colorado, presents a rare opportunity to own a thriving retail and office space in the heart of the historic downtown district. Boasting approximately 2,441 square feet on a 0.06-acre lot, this building features two street-level storefronts and four additional office spaces, offering incredible versatility. All units are easily accessible from both street-level front and rear entrances, making it ideal for a variety of uses. The property has enjoyed consistent occupancy for years, demonstrating its strong market position. Recent improvements include a freshly painted façade and a striking mural by local artist Jenn Rawling adorning the south wall. The interior offers potential for further renovation, with the possibility of uncovering original architectural details such as high ceilings and old stone walls (buyer to verify). This property is not subject to HOA or covenant restrictions, offering flexibility for future development. Priced competitively at $935,000, there's a potential for assuming an existing note with a 5.25% interest rate, subject to lender approval and buyer qualification. This is a chance to become a vital part of the vibrant Durango community and own a piece of its rich history. The property's location on Main Avenue ensures high visibility and foot traffic, making it an attractive investment for both established businesses and new ventures.

    Property Features for 1053 Main Ave

    General Information

    Property type
    Retail properties
    Square Feet
    2,441 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1902
    Property Profile Location Intelligence

    Current Use by Public Records

    Florida Ditch Company Farm Equipment Supplier Crossroads Durango Office Space Rental Agency NOMADIC CERAMIC Store Thaw Regan Mental Health Service

    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
    -107.8803
    Latitude
    37.27518

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    FAQs

    What type of property is this?
    Retail property - Historic Main Ave. retail/office space.
    Where is this retail property located?
    The property is located at 1053 Main Ave Durango, CO.
    What is the asking price?
    The asking price for this property is $935,000.
    Request Owner's contact information
    1053 Main Ave 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
    1053 Main Ave Durango, CO 81301
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