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    601 E Main St Montrose, CO 81401

    For Sale
    $1,850,000

    High-visibility commercial property in historic downtown Montrose, an Opportunity Zone.

    Property size:
    14,700 SF
    Lot size:
    0.22 Acres

    Property Features for 601 E Main St

    General Information

    Size
    14,700 SF
    Lot size
    0.22 Acres

    Source: Renfrow Realty Agent John Renfrow

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

    Overview

    Downtown Commercial Property in Montrose

    This downtown commercial property, situated in the heart of the historic business district of Montrose, offers high visibility and is located within an Opportunity Zone. Its central location provides convenient access to Montrose City Offices, the CMU Campus, the Post Office, and various local dining and shopping options. The property benefits from its position at a signalized intersection, offering maximum visibility and accessibility. Zoned B-1 "Central Business District" in the City of Montrose, it is suitable for professional offices or retail establishments. The building features 14,700 square feet of space, including two bathrooms, a basement for storage, and a receiving area with an 8' x 8' roll-up door in the alley. Formerly home to Montrose Hardware, the property includes a large open showroom and picture windows on Main Street. Located within an Opportunity Zone, the property offers potential tax benefits and incentives for investors. A new roof will be included in the purchase price.
    Insight Report Location Intelligence

    Current Use by Public Records

    Montrose Hardware Hardware Store Park Avenue True ... Contractor

    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
    -107.8745022
    Latitude
    38.4812311

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    FAQs

    What type of property is this?
    Storefront property - High-visibility commercial property in historic downtown Montrose, an Opportunity Zone.
    Where is this storefront property located?
    The property is located at 601 E Main St Montrose, CO.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - High-visibility corner location at a signalized intersection in the heart of the historic downtown business district.; - Located within an Opportunity Zone, offering significant tax benefits and incentives.; - Zoned B-1 "Central Business District", suitable for professional offices or retail establishments.
    (970) 240-0550
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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
    601 E Main St Montrose, CO 81401
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