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    747 Santa Fe Dr Denver, CO 80204

    For Sale
    $2,500,000

    High-potential redevelopment opportunity in Denver's Art District.

    Property size:
    15,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 15,000-square-foot retail property, situated on a 0.2-acre lot at 747 Santa Fe Drive in Denver, Colorado, presents a compelling redevelopment opportunity. Currently utilized as a showroom and artists' studios, the property boasts significant upside potential due to its prime location within Denver's vibrant Art District. The existing structure offers 10 rear parking spaces and convenient basement access via a ramp. A functional elevator shaft is already in place, allowing for the straightforward installation of an additional elevator. The property's zoning permits the construction of a five-story building, ideal for a mixed-use development incorporating residential units (apartments or condos) and retail space. The first floor's retail area could be repurposed into retail condos or maintained for rental income. The existing building's layout presents a low-cost conversion opportunity for climate-controlled indoor storage, a highly sought-after use in this area. A recently updated fire escape ensures compliance with current safety codes. The current rental income is significantly below market value, highlighting the substantial potential for increased profitability following redevelopment. This property represents a rare chance to capitalize on a prime location and a versatile building in a rapidly growing Denver neighborhood. Priced at $2,500,000.

    Property Features for 747 Santa Fe Dr

    General Information

    Property type
    Retail properties
    Square Feet
    15,000 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1900
    Insight Report Location Intelligence

    Current Use by Public Records

    Bow to the Bee - Permanent ... Jewelry Store Black Paint Productions Art Gallery Stargazer Creations Sign Shop James Holmes Studio Art Gallery Shelley Howard Fine ... Art Studio

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.9989
    Latitude
    39.7282

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    FAQs

    What type of property is this?
    Retail property - High-potential redevelopment opportunity in Denver's Art District.
    Where is this retail property located?
    The property is located at 747 Santa Fe Dr Denver, CO.
    What is the asking price?
    The asking price for this property is $2,500,000.
    (303) 232-4444
    Request Owner's contact information
    747 Santa Fe Dr Denver, CO 80204
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    Denver, CO 80204
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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
    747 Santa Fe Dr Denver, CO 80204
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