Listing Agency: RE/MAX 4000 Inc

Listed By: Tom E Fee · License #CO FA.040034580

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 6:56PM

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Investment Insights

Based on property information with market context.

This commercial building is configured for restaurant use and is occupied by an established restaurant. A five-year lease is in place, providing an existing occupancy arrangement for the property.

The building is located at 504 Main Street in downtown Grand Junction, Colorado.

Key Highlights

• Five‑year lease in place
• Occupied by an established restaurant
• Located in downtown Grand Junction

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Locksmith Pet Store Veterinary Clinic Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,621

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Commercial building occupied by an established restaurant under a five-year lease.

Where is this conventional restaurant located?

The property is located at 504 Main Street Grand Junction, CO.

What are key features of this property?

This property features: Five‑year lease in place; Occupied by an established restaurant; Located in downtown Grand Junction