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    1245 E Main St Montrose, CO 81401

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    For Sale
    $419,888

    Versatile commercial building on a high-traffic corner lot.

    Property size:
    2,969 SF
    Lot size:
    0.21 Acres

    Property Features for 1245 E Main St

    General Information

    Size
    2,969 SF
    Lot size
    0.21 Acres

    Source: Renfrow Realty Agent John Renfrow

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

    Overview

    Corner Lot Commercial Building

    This commercial building is situated on a corner lot at the intersection of Main Street and San Juan Bypass/Hwy 50. The property includes approximately 2,969 square feet of space on a 0.21-acre lot. The main floor features a reception area, eight offices, a kitchen, and two restrooms. The upstairs area contains two additional offices, and unfinished basement space provides extra storage. A private, off-street paved lot offers ample parking. The property is zoned "B-2", which allows for retail, restaurants, office space, and service establishments. The Opportunity Zone designation may offer tax incentives.
    Insight Report Location Intelligence

    Current Use by Public Records

    Montrose Business Times Newspaper Publisher Our Town Matters Marketing Agency Tim's Auto Glass ... Auto Glass Shop Proven Learning Solutions, ... Tutoring Service Greater Montrose Chamber ... Chamber Of Commerce

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8677302
    Latitude
    38.4859477

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    FAQs

    What type of property is this?
    Office building - Versatile commercial building on a high-traffic corner lot.
    Where is this office building located?
    The property is located at 1245 E Main St Montrose, CO.
    What is the asking price?
    The asking price for this property is $419,888.
    What are key features of this property?
    This property features: - High-traffic corner lot location at the intersection of Main Street and San Juan Bypass/Hwy 50.; - Zoned "B-2" allowing for retail, restaurants, office space, and service establishments.; - Opportunity Zone designation offering potential tax incentives.
    (970) 240-0550
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    1245 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
    1245 E Main St Montrose, CO 81401
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