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    102 Main St Creede, CO 81130

    For Sale
    $692,000

    Historic Downtown Creede Retail Property

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 2,500 square foot retail property, situated on a 0.5-acre lot at 102 Main Street (corner of Main & Wall Streets) in Creede, Colorado, presents a lucrative investment opportunity. Currently housing two thriving businesses – a T-shirt shop and an olive oil store – the building offers flexibility. Each retail space operates independently, with separate electrical meters and utilities (electric, pellet stove, water, sewer, and phone). The olive oil shop generates a consistent $1300 monthly rent. The T-shirt shop boasts a high return rate, contingent on maintaining its current retail focus to maximize income potential. The property benefits from its prime location within Creede's historic downtown, a bustling tourist destination attracting visitors throughout the year. Creede's popularity stems from its rich silver mining history, stunning Rocky Mountain views, and diverse recreational opportunities, including hunting, fishing, and sightseeing. The Creede Repertory Theater further enhances the town's appeal, drawing large crowds during the summer months. This investment offers a projected annual return on investment of 15% to 20%, making it an attractive proposition for savvy investors seeking a piece of Creede's vibrant commercial landscape. An interior connecting door allows for potential expansion or consolidation of the retail spaces.

    Property Features for 102 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    2,500 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Creede
    County
    Mineral
    State
    Colorado
    Longitude
    -106.9269
    Latitude
    37.85295

    Nearby Comparable

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    Nearby Similar for Sale

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      Prime Creede Retail Investment

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    FAQs

    What type of property is this?
    Retail property - Historic Downtown Creede Retail Property
    Where is this retail property located?
    The property is located at 102 Main St Creede, CO.
    What is the asking price?
    The asking price for this property is $692,000.
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    102 Main St Creede, CO 81130
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    Creede, CO 81130
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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
    102 Main St Creede, CO 81130
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