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Mixed-Use Property with Drive-Through
New
For Sale
$590,000

1532 W Colorado Avenue, Colorado Springs, CO 80904

Commercial, Colorado Springs, CO

Property SizeContact for details
Lot Size0.10 Acres
Days on Market7

Property Features for 1532 W Colorado Avenue

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3333

Amenities

large illuminated monument sign
existing drive-thru lanes

Building Details

Year built 1968
Listing Agency: Pink Realty Inc
Listed By: Monica Breckenridge ABR CDPE CLHMS GRI MRP PSA RSPS SFR SRES · License #100039396
Added: Oct 8 Changed: Oct 14 Last Checked: Oct 14 at 5:06PM
MLS# 2540199

Copyright © 2026 elevateMLS. 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 mixed-use property combines approximately 2,050 sq ft of vacant ground-floor retail space with a remodeled 1,453-sq-ft apartment upstairs. The residence has two bedrooms, a separate office, two bathrooms, and washer/dryer hookups. Existing drive-through lanes and an illuminated monument sign are also on site. The property was built in 1968 and occupies 0.1033 acres.

At the corner of West Colorado Avenue and 16th Street in Old Colorado City, the site fronts a commercial corridor. The nearby segment southeast of 17th Street recorded approximately 11,420 vehicles per day in 2025 AADT data. The property is zoned MX-M.

Key Highlights

  • Approximately 2,050 sq ft of vacant ground‑floor retail space
  • Remodeled 1,453‑sq‑ft upstairs apartment with two bedrooms, a separate office, and two bathrooms
  • Existing drive‑through lanes and illuminated monument sign

Property Analytics

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Current Use

24/7 Dry Cleaners ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Florist Travel Agency Daycare Center Home Appliance Store

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

Lease Details

1
Residential units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

913
Businesses Nearby
8k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Conoco Shops & Services
4,021 visits/mo 0.1 miles
7-Eleven Shops & Services
3,712 visits/mo 0.1 miles

Demographics for 80904, CO

20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Colorado Springs, CO

5.9% 2020
5.5% 2021
5% 2022
6.3% 2023
6.4% 2024
6.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail space sits below an updated apartment with two bedrooms and a separate office.
Where is this mixed-use property located?
The property is located at 1532 W Colorado Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Approximately 2,050 sq ft of vacant ground‑floor retail space; Remodeled 1,453‑sq‑ft upstairs apartment with two bedrooms, a separate office, and two bathrooms; Existing drive‑through lanes and illuminated monument sign
More about this property
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