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    118 Main St Central City, CO

    For Sale
    $1,850,000

    Historic three-story building with casino/entertainment potential in Central City.

    Property size:
    6,200 SF
    Lot size:
    0.05 Acres

    Property Features for 118 Main St

    General Information

    Size
    6,200 SF
    Lot size
    0.05 Acres

    Source: Pinnacle Real Estate Advisors Agent Peter Sengelmann

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

    Overview

    Historic Building in Central City

    This historic three-story building is located on Main Street in downtown Central City. The property offers potential for casino or entertainment use. Elevator access is available to all three levels, along with a service elevator for small items. Each of the two main levels features a bar. The layout includes two upper levels intended for customers, with a lower level suitable for employees, money storage, office space, security, and other operational functions. The building was completely renovated in the early 1990s, including electrical upgrades. A rear building fire egress is in place. The property size is 6200 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    Mountain Heart Gallery

    Map

    City
    Central City
    County
    Gilpin
    State
    Colorado
    Longitude
    -105.5064087
    Latitude
    39.7843973

    Nearby Similar for Sale

    • $5,800,000

      Central City Specialty Property

      Specialty property available for sale in Central City, Colorado.
      101 Gregory St, Central City, CO 80427
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    • $2,263,000
      6,200 SF

      Historic Central City Casino

      Prime Central City casino, vacant, 6,200 sq ft.
      118 Main St, Central City, CO 80427
      View Details

    FAQs

    What type of property is this?
    Storefront property - Historic three-story building with casino/entertainment potential in Central City.
    Where is this storefront property located?
    The property is located at 118 Main St Central City, 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: - Prime downtown Main Street location in Central City.; - Potential for casino/entertainment use.; - Elevator access to all three levels.
    (303) 962-9555
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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
    118 Main St Central City, CO
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