Downtown Retail Space
123 East Bijou Street Colorado Springs, CO 80903
123 East Bijou Street, Colorado Springs, CO, 80903
$1,800,000
For Sale
$1,800,000
Shell condition retail space in prime downtown location.
Property Size6,940 SF
Price / SF$259.37
Days on Market115
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 Checked: Jul 17 at 5:40 am
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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
