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    3501 Wolverine Dr Montrose, CO 81401

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    For Sale
    $2,725,000

    Commercial building in a high-traffic area, leased through 2027.

    Property size:
    4,596 SF
    Lot size:
    0.97 Acres

    Property Features for 3501 Wolverine Dr

    General Information

    Size
    4,596 SF
    Lot size
    0.97 Acres

    Source: Renfrow Realty Agent John Renfrow

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

    Overview

    River Landing Commercial Retail/Office Building

    Located in the South Townsend Avenue/South Highway 550 corridor, this commercial retail/office building is available in River Landing. The 4,596 square foot building is situated on a 0.89-acre lot with a traffic count of over 28,000 vehicles daily. Constructed with high-quality materials, the building features a fire suppression system, HVAC, and fiber wiring. The property is enhanced by a landscaped lot and includes large picture windows on three sides, a sizable showroom, two ADA-compliant bathrooms, and a large storage area. There are 23 paved off-street parking spaces. The surrounding area includes businesses such as Walmart, Home Depot, Discount Tire, Chili's, Applebee's, Camp Robber, Target, Hobby Lobby, and Ross. The property is zoned B-2 Highway Commercial in the City of Montrose, intended as a shopping and business center for the city and surrounding area. The building is currently leased through September 2027.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mattress Firm Montrose ... Mattress Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8673452
    Latitude
    38.4447831

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    FAQs

    What type of property is this?
    Storefront property - Commercial building in a high-traffic area, leased through 2027.
    Where is this storefront property located?
    The property is located at 3501 Wolverine Dr Montrose, CO.
    What is the asking price?
    The asking price for this property is $2,725,000.
    What are key features of this property?
    This property features: - Leased through September 2027, providing immediate income; - Located in a high-traffic commercial corridor (28,000+ vehicles daily) on S Townsend Ave/S Hwy 550; - Zoned B-2 Highway Commercial, suitable for a wide range of business uses
    (970) 240-0550
    Request Owner's contact information
    3501 Wolverine Dr 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
    3501 Wolverine Dr Montrose, CO 81401
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