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    1501 W Colorado Ave Colorado Springs, CO 80904

    For Sale
    $1,635,000

    Renovated mixed-use building with retail, office, apartments, and parking.

    Property Features for 1501 W Colorado Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1901

    Source: KELLER WILLIAMS PREMIER REALTY Agent CHRIS CLONTS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Colorado Springs Mixed-Use Building

    This building is located in West Colorado Springs, near Old Colorado City. The property features retail, office, workshop space, and two luxury apartments. It has been newly renovated throughout, including infrastructure and aesthetic upgrades. A new custom-engineered electrical system and new HVAC system with three zoned units have been installed. The retail and office spaces feature new floors and finishes. The two upstairs apartments have been renovated from top to bottom. The back apartment includes two bedrooms and one bathroom, with front and rear entrances and a back deck offering views. It features a fully renovated kitchen with new appliances and a fully renovated bathroom with high-end finishes. The front apartment includes one bedroom and one bathroom, with a fully renovated kitchen and bathroom. There is a shared laundry space for the apartments. The property includes a gravel lot with parking space for 12 or more cars. There is storage space in the unfinished basement. The property could be used to run a retail business on the main level and live upstairs, or rent out everything.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pikes Peak Bike ... Tourist Attraction

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.848852
    Latitude
    38.838599

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use building with retail, office, apartments, and parking.
    Where is this mixed-use property located?
    The property is located at 1501 W Colorado Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $1,635,000.
    What are key features of this property?
    This property features: - Mixed-use property: Retail/office space with two luxury apartments.; - Fully renovated throughout with new electrical, HVAC (3 zones), floors, kitchens, and bathrooms.; - Two luxury apartments with high-end finishes and shared laundry.
    (719) 445-0234
    Request Owner's contact information
    1501 W Colorado Ave Colorado Springs, CO 80904
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    Colorado Springs, CO 80904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 W Colorado Ave Colorado Springs, CO 80904
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