Downtown Retail Space
For Sale
$1,800,000
123 East Bijou Street, Colorado Springs, CO 80903
Shell condition retail space in prime downtown location.
Property Size6,940 SF
Price / SF$259.37
Days on Market130
Property Features for 123 East Bijou Street
General Information
Standard status
Active
Size
6,940 SF
Property subtype
Retail
Listing Agency:
CBRE - Colorado Springs
(719) 321-7977
Listed By:
Andy Oyler
(719) 321-7977
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 31 at 4:08AM
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 CBRE - Colorado Springs
Investment Insights
Based on property information with market context.
This 6,940 square foot retail space is located in a prime downtown location. The interior is in shell condition and ready for build-out. The property features a new brick facade and high ceilings. Drive-in doors are located in the back of the building. The property could be subdivided, presenting a rare opportunity. It is located across E. Bijou St. from Acacia Park and in between N. Nevada Ave. and N. Tejon St.
Key Highlights
- Prime downtown location
- Interior in shell condition & ready for build‑out
- Drive‑in doors in the back of the building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.9k | $18.00 |
| − Vacancy | −$5.6k | −$0.81 |
| EGI | $119.3k | $17.19 |
| − OpEx | −$35.8k | −$5.16 |
| NOI | $83.5k | $12.03 |
6,940 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,509 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,939 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,789
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 18%
Hotels & Casinos 9%
Electronics 2%
McDonald's
Dining
25,596 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
16,776 visits/mo
0.4 miles
Taco Bell
Dining
10,363 visits/mo
0.3 miles
Carl's Jr.
Dining
9,767 visits/mo
0.1 miles
Wendy's
Dining
8,827 visits/mo
0.2 miles
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Shell condition retail space in prime downtown location.
Where is this retail space located?
The property is located at 123 East Bijou Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime downtown location; Interior in shell condition & ready for build‑out; Drive‑in doors in the back of the building
