Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1004 High St Collbran, CO 81624

    For Sale
    $395,000

    Collbran, CO: 4-unit income property

    Property size:
    2,439 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property in charming Collbran, CO, presents a unique investment opportunity. The 2,439 sq ft building boasts four units: one commercial space and three residential units, all currently leased, generating $2,250 monthly income. The commercial space, approximately 540 sq ft, is occupied by a thriving specialty grocery store on Main Street, with a lease expiring in five months, transitioning to month-to-month thereafter. The three residential units include a historic 600 sq ft limestone cabin, built in the 1890s, offering potential for a high-demand vacation rental. Two additional residential units, facing Main Street, are approximately 770 sq ft and 529 sq ft, each a one-bedroom with one unit featuring an additional half-bath. These units are well-maintained, with recent updates including a new hot water heater and new flooring in select areas, and present an opportunity for value enhancement through light cosmetic renovations between tenants. The property sits on a 0.29-acre lot and offers significant upside potential due to below-market rental rates. Showings are by appointment only, and access to rented residential units is limited to qualified buyers with proof of funds or pre-approval. All information is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 1004 High St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,439 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Harvest House Specialty ... Grocery Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Hair Salon Gym & Fitness Nail Salon Hotel & Motel Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Collbran
    County
    Mesa
    State
    Colorado
    Longitude
    -107.9611
    Latitude
    39.23859

    Nearby Comparable

    • $225,000

      Collbran Commercial Building - High Visibility

      Prime location, updated building, multiple possibilities.
      103 Main St, Collbran, CO 81624
      View Details
    • New
      $399,000
      2,214 SF

      Established Restaurant and Saloon on Main

      Turnkey restaurant and saloon in Collbran, Colorado with strong community support.
      108 Main St, Collbran, CO 81624
      View Details
    • $399,000
      2,214 SF

      Established Restaurant & Saloon on Main

      Turnkey restaurant and saloon in Collbran, Colorado.
      108 Main St, Collbran, CO 81624
      View Details
    • $724,900

      Land For Sale Collbran, CO

      Land available for purchase in Collbran, Colorado.
      58590 Pe 3/10 Rd, Collbran, CO 81624
      View Details
    • $499,000
      Pending

      Collbran Fourplex: Investment Opportunity

      Remodeled fourplex in Collbran, Colorado, with income potential.
      528 Oakbrush Cir, Collbran, CO 81624
      View Details

    Nearby Similar for Sale

    • New
      $399,000
      2,214 SF

      Established Restaurant and Saloon on Main

      Turnkey restaurant and saloon in Collbran, Colorado with strong community support.
      108 Main St, Collbran, CO 81624
      View Details
    • $399,000
      2,214 SF

      Established Restaurant & Saloon on Main

      Turnkey restaurant and saloon in Collbran, Colorado.
      108 Main St, Collbran, CO 81624
      View Details
    • $499,000
      Pending

      Collbran Fourplex: Investment Opportunity

      Remodeled fourplex in Collbran, Colorado, with income potential.
      528 Oakbrush Cir, Collbran, CO 81624
      View Details
    • Contact for pricing
      2,600 SF

      Collbran Retail Property Auction

      Retail property in Collbran, Colorado to be sold via auction.
      57428 Highway 330, Collbran, CO 81624
      View Details
    • $225,000

      Collbran Commercial Building - High Visibility

      Prime location, updated building, multiple possibilities.
      103 Main St, Collbran, CO 81624
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Collbran, CO: 4-unit income property
    Where is this mixed-use property located?
    The property is located at 1004 High St Collbran, CO.
    What is the asking price?
    The asking price for this property is $395,000.
    Request Owner's contact information
    1004 High St Collbran, CO 81624
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1004 High St
    Collbran, CO 81624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1004 High St Collbran, CO 81624
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.