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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

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.
More about this property
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