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    509 Main St Springfield, CO 81073

    For Sale
    $125,000

    Prime Corner Lot, High Potential, 2694 sq ft

    Property size:
    2,694 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This 2,694 square foot commercial building is situated on a highly visible corner lot in Springfield, Colorado, offering exceptional potential for a variety of businesses. The property boasts a generous 0.26-acre lot (11,230 square feet) of concrete paving, providing ample space for parking and maneuvering. The building features three overhead doors – two measuring 10 feet by 10 feet, and one measuring 10 feet by 8 feet – ideal for loading and unloading. The interior features corrugated galvanized steel lining portions of the ceiling and walls, accented with wood trim. While the building requires some attention, including roof repair over the office/storage area and connection of newly installed air ducts to a heating/cooling system, the significant upside potential is undeniable. The strategic location on Main Street in Springfield presents a unique opportunity for an entrepreneur seeking a well-positioned commercial space. The seller is considering all offers, making this an attractive investment prospect. The building's size and features make it suitable for a range of commercial uses, promising a strong return on investment for the right buyer.

    Property Features for 509 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,694 SF
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1952
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon 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
    Springfield
    County
    Baca
    State
    Colorado
    Longitude
    -102.617
    Latitude
    37.40905

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Corner Lot, High Potential, 2694 sq ft
    Where is this commercial real estate located?
    The property is located at 509 Main St Springfield, CO.
    What is the asking price?
    The asking price for this property is $125,000.
    (888) 440-2724
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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
    509 Main St Springfield, CO 81073
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