Corner Retail Building with Flexible
For Sale
$1,450,000
1201 N Madison Street, Denver, CO 80206
Vintage neighborhood retail property with a prominent corner position and adaptable multi-space configuration.
Property Size3,386 SF
Price / SF$428.23
Days on Market239
Property Features for 1201 N Madison Street
General Information
Standard status
Active
Size
3,386 SF
Property subtype
Street Retail
Additional Details
Corner Location
Yes
Building Details
Building Size
3,386 SF
Year Built
1930
Buildings
1
Tenancy
Single
Properties For Sale
at 1201 N Madison Street Contact usEast Side
Size
2,525 SF
Lease Type
NNN
West Side
Size
861 SF
Lease Type
NNN
Listing Agency:
Unique Properties, Inc
Listed By:
Marc Lippitt · License #ER.000183921
(303) 321-5888
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 14
Last Checked: Oct 14 at 7:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Unique Properties, Inc
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Investment Insights
Based on property information with market context.
Built in 1930, this 3,386-square-foot retail building occupies the intersection of East 12th Avenue and North Madison Street in Denver’s Congress Park neighborhood. The former three-unit arrangement can support full-building occupancy or separation into multiple commercial spaces, offering flexibility for an owner-user or investor. The building also naturally divides into two areas measuring 861 square feet and 2,525 square feet.
The property is positioned near Congress Park, Denver Botanic Gardens, Cherry Creek, City Park, and Cheesman Park. Existing neighborhood businesses include Blue Pan Pizza, Sweet Cooie, French Press, and Sienna Wine Bar and Small Plates, providing an established commercial setting around the site.
The property is positioned near Congress Park, Denver Botanic Gardens, Cherry Creek, City Park, and Cheesman Park. Existing neighborhood businesses include Blue Pan Pizza, Sweet Cooie, French Press, and Sienna Wine Bar and Small Plates, providing an established commercial setting around the site.
Key Highlights
- 3,386‑square‑foot retail building constructed in 1930
- Corner location at East 12th Avenue and North Madison Street
- Former three‑unit layout can accommodate full‑building use or multiple spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,351
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,020
$927.0K
Cap Rate 7%
$662,157
$662.2K
Cap Rate 9%
$515,011
$515.0K
Market Conditions
NOI Build-Up for 3,386 SF
Gross rent
$69.5K $20.52/SF
− Vacancy
−$3.3K −$0.96/SF
EGI
$66.2K $19.56/SF
− OpEx
−$19.9K −$5.87/SF
NOI
$46.4K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,020
Cap Rate 7%
$662,157
Cap Rate 9%
$515,011
Alternative Uses
Best Use
Retail
$662.2K
$579.4K – $772.5K
NOI $46,351 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$943.2K – $1.26M
NOI $75,452 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,602
Businesses Nearby
155k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 40%
Groceries 14%
Chick-fil-A
Dining
30,655 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
22,178 visits/mo
0.3 miles
Phillips 66
Shops & Services
21,236 visits/mo
0.4 miles
Culinary Dropout
Dining
16,564 visits/mo
0.5 miles
Good Times Burgers & Frozen Custard
Dining
8,161 visits/mo
0.4 miles
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Denver, CO
Frequently Asked Questions
What type of property is this?
Retail space - Vintage neighborhood retail property with a prominent corner position and adaptable multi-space configuration.
Where is this retail space located?
The property is located at 1201 N Madison Street Denver, CO.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,386‑square‑foot retail building constructed in 1930; Corner location at East 12th Avenue and North Madison Street; Former three‑unit layout can accommodate full‑building use or multiple spaces
