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    509 E Main St Montrose, CO 81401

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    For Sale
    $999,990

    Classic Revival building with commercial kitchen and leased units.

    Property size:
    14,140 SF
    Lot size:
    0.14 Acres

    Property Features for 509 E Main St

    General Information

    Size
    14,140 SF
    Lot size
    0.14 Acres

    Source: Renfrow Realty Agent John Renfrow

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

    Overview

    Historical Masonic Temple with Updates

    This historical Masonic Temple, completed in the Classic Revival style in 1911, offers 14,140 square feet of space. Cypress wood finishes adorn the upper floors, and a stunning oculus skylight highlights the ballroom. South-facing windows in the gallery overlook Main Street, providing ample natural light. Major updates have been made for a commercial kitchen, creating various possibilities. The lower level features two units that are currently leased with two years remaining on the leases. The third floor includes a 3-bed, 1-bath apartment with access to the rooftop and balconies. The property is located on Main Street in Montrose, Colorado.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Precedence Art Academy Art School Megapixel Picture Frame Shop MegaPixel - Print - Frame Picture Frame Shop

    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.

    Similar Places Nearby

    Safeway Floral, Alpine Floral, Inc, Kroger Floral, Dahlia Floral Design

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8755017
    Latitude
    38.4805589

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    FAQs

    What type of property is this?
    Storefront property - Classic Revival building with commercial kitchen and leased units.
    Where is this storefront property located?
    The property is located at 509 E Main St Montrose, CO.
    What is the asking price?
    The asking price for this property is $999,990.
    What are key features of this property?
    This property features: - Historical Masonic Temple (built in 1911) with unique architectural details.; - Commercial kitchen with major updates, offering diverse possibilities.; - Leased lower-level units providing immediate rental income (2 years remaining).
    (970) 240-0550
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    509 E Main St Montrose, CO 81401
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    Montrose, CO 81401
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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 E Main St Montrose, CO 81401
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