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    324 E Pikes Peak Ave Colorado Springs, CO 80903

    For Lease
    $24 SF/Yr ($5,600 /Mo)

    Newly renovated retail space in downtown Colorado Springs.

    Property size:
    2,800 SF
    Lot size:
    0.71 Acres

    Property Features for 324 E Pikes Peak Ave

    General Information

    Size
    2,800 SF
    Lot size
    0.71 Acres

    Source: Miramont Commercial Real Estate Agent Simon Penner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Retail Space For Rent

    This newly renovated retail space is located in downtown Colorado Springs. The property features new window glazing, including glass overhead doors to maximize light. The space is located across the street from Fiona, a 321-unit apartment complex that is now leasing, and is within walking distance of many other apartment complexes, hotels, and businesses. The property is suitable for restaurant use, joining Night Ramen and Clay Venues in this downtown retail development. The space is 2,800 square feet. Pricing includes grey shell delivery to include: new HVAC (undistributed), electrical panel (undistributed), restroom package, access to shared grease trap and exposed tongue and groove ceilings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.818536
    Latitude
    38.834169

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    FAQs

    What type of property is this?
    Retail space - Newly renovated retail space in downtown Colorado Springs.
    Where is this retail space located?
    The property is located at 324 E Pikes Peak Ave Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated downtown retail development.; - Located across the street from a 321-unit apartment complex (Fiona).; - Walking distance to apartments, hotels, and businesses.
    (719) 229-1585
    Request Owner's contact information
    324 E Pikes Peak Ave Colorado Springs, CO 80903
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    Colorado Springs, CO 80903
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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
    324 E Pikes Peak Ave Colorado Springs, CO 80903
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