Mixed-Use Property with Separate
For Sale
$440,000
1317 N 3rd Street, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size1,740 SF
Price / SF$252.87
Days on Market43
Property Features for 1317 N 3rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MU-1
Lot features
Irregular Lot
Directions
West on North Avenue, Turn right onto N. 3rd Street
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
8224
Amenities
private yard
mature trees
Listing Agency:
VIP INVESTMENTS
(970) 625-3992
Listed By:
Julie Ann Ebeler
(970) 379-4186
Added: Aug 25
Changed: Sep 12
Last Checked: Oct 6 at 3:06AM
MLS# 20264436
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 1,740-square-foot mixed-use property is arranged as two separately accessed sections, each with dedicated parking. One side has been remodeled as a residential-style unit with 2 bedrooms and 1 bath, while the other was previously operated as a dental laboratory. The layout may suit an owner-user, professional office, medical or dental-related operation, studio, or other permitted use, subject to applicable zoning and approvals.
The property includes on-site parking, a private yard, and mature trees. Its Grand Junction location is near downtown and provides access to major roads throughout town. The existing configuration can remain divided for separate occupancy or be adapted into a larger unified space, subject to the buyer’s plans and required approvals.
The property includes on-site parking, a private yard, and mature trees. Its Grand Junction location is near downtown and provides access to major roads throughout town. The existing configuration can remain divided for separate occupancy or be adapted into a larger unified space, subject to the buyer’s plans and required approvals.
Key Highlights
- 1,740‑square‑foot mixed‑use property with two separately accessed sections
- Remodeled side includes a 2‑bedroom, 1‑bath residential‑style unit
- Former dental laboratory area provides a separate office or commercial section
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,443
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,860
$328.9K
Cap Rate 7%
$234,900
$234.9K
Cap Rate 9%
$182,700
$182.7K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$31.3K $18.00/SF
− Vacancy
−$9.4K −$5.40/SF
EGI
$21.9K $12.60/SF
− OpEx
−$5.5K −$3.15/SF
NOI
$16.4K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,860
Cap Rate 7%
$234,900
Cap Rate 9%
$182,700
Alternative Uses
Best Use
Healthcare Medical
$3.30M
$2.89M – $3.85M
NOI $231,142 @ 7.0% cap · market cap 52.53%
Second Best
Office B
$234.9K
$205.5K – $274.1K
NOI $16,443 @ 7.0% cap · market cap 3.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,590
Businesses Nearby
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-sided layout with on-site parking, a private yard, and flexible commercial or office use potential.
Where is this mixed-use property located?
The property is located at 1317 N 3rd Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1,740‑square‑foot mixed‑use property with two separately accessed sections; Remodeled side includes a 2‑bedroom, 1‑bath residential‑style unit; Former dental laboratory area provides a separate office or commercial section
