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    1500 Monroe Ave Loveland, CO 80538

    For Sale
    $6,200,000

    6.63 Acres, 53,300 SF, High Visibility

    Property size:
    53,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 53,300 square foot commercial property, situated on a sprawling 6.63-acre lot in Loveland, Colorado, presents a unique redevelopment or adaptive reuse opportunity. Previously utilized as an elementary school, the well-maintained 1963 building offers significant potential for a variety of uses. Its strategic location, just off Highway 34, near Highway 287, and less than five miles from Interstate 25, ensures high visibility and convenient access. The property's size and zoning allow for diverse development options. Consideration could include conversion into a church, recreation center, civic center, or office spaces. The expansive acreage also opens possibilities for residential development, with zoning potentially allowing up to 20 units per acre. Other viable adaptive reuse scenarios include senior living facilities, medical offices or a health center, child or adult day care centers, schools, multifamily housing, or even a library or museum. This property offers a rare blend of existing infrastructure and significant development potential, making it an attractive investment for discerning buyers seeking a high-impact commercial venture in a thriving Colorado community. The asking price is $6,200,000.

    Property Features for 1500 Monroe Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    53,300 SF
    Lot Size
    288,803 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Monroe Elementary School Elementary School Early Childhood Center School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Loveland
    County
    Larimer
    State
    Colorado
    Longitude
    -105.0675
    Latitude
    40.40826

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    FAQs

    What type of property is this?
    Commercial real estate - 6.63 Acres, 53,300 SF, High Visibility
    Where is this commercial real estate located?
    The property is located at 1500 Monroe Ave Loveland, CO.
    What is the asking price?
    The asking price for this property is $6,200,000.
    (303) 292-3700
    Request Owner's contact information
    1500 Monroe Ave Loveland, CO 80538
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    Loveland, CO 80538
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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
    1500 Monroe Ave Loveland, CO 80538
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