Two-Story Office
For Sale
$700,000
120 N Railroad Avenue, Parachute, CO 81635
CommercialSale, Parachute, CO
Property SizeContact for details
Days on Market453
Property Features for 120 N Railroad Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Corner Lot
Directions
Take exit 75 from I-70, take E First St, southwest to N Railroad Ave, turn NE on N Railroad Ave and property is on the corner of N Railroad Ave & E Second St.
Subdivision
Parachute
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
5045
Amenities
shared restrooms
kitchenette
conference room
Listing Agency:
BRAY REAL ESTATE
(970) 242-3647
Listed By:
Your 3A Team Merrite Wyatt & Kayla Howell
(970) 260-6947
Added: May 27, 2025
Changed: Aug 21
Last Checked: Aug 22 at 4:06PM
MLS# 20252430
Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story office property is fully leased and includes a varied configuration across both levels. The ground floor is occupied by two tenants, with one using approximately two-thirds of the space and the other occupying the balance along with a private bathroom and sink area.
The upper level contains several office suites in different sizes, supported by shared restrooms, a kitchenette, and a large conference room. Located at 120 N Railroad Avenue in downtown Parachute, the property is reported at a 6 % + cap rate.
The upper level contains several office suites in different sizes, supported by shared restrooms, a kitchenette, and a large conference room. Located at 120 N Railroad Avenue in downtown Parachute, the property is reported at a 6 % + cap rate.
Key Highlights
- 6 % + cap rate
- Fully leased two‑story office property
- Ground floor divided between two tenants in an approximately two‑thirds and one‑third arrangement
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 81635, CO
7,185
Population
3,066
Households
2.3
Avg Household Size
34
Median Age
24%
College-Educated
89%
High-School Grad
331.5 sq mi
ZIP Area
22
Density / Sq Mi
$68,865
Median Household Income
$41,082
Median Earnings
$998
Median Rent
$251,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased commercial property with tenant-divided ground-floor space and multiple upper-level office suites.
Where is this office building located?
The property is located at 120 N Railroad Avenue Parachute, CO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 6 % + cap rate; Fully leased two‑story office property; Ground floor divided between two tenants in an approximately two‑thirds and one‑third arrangement
