Retail Storefront
For Sale
$625,000
220 E Aspen Avenue, Fruita, CO 81521
CommercialSale, Fruita, CO
Property Size4,600 SF
Price / SF$135.87
Days on Market352
Property Features for 220 E Aspen Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
DMU
Directions
Located at the intersection of Aspen Ave & Peach St.
Subdivision
Fruita
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
9310
Listing Agency:
CHESNICK REALTY, LLC
(970) 858-8238
Listed By:
Lori Chesnick · License #501
(970) 260-0550
Added: Oct 20, 2025
Changed: Sep 10
Last Checked: Oct 6 at 3:06PM
MLS# 20254987
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 4,600-square-foot storefront building occupies a downtown Fruita location on E Aspen Avenue. The property has supported a variety of commercial businesses over time, including Waddell's Market and Kim's Auto Parts, providing an established retail setting for continued use or a new operation.
The building sits next to a City of Fruita parking lot, adding convenient nearby parking to its downtown placement. The property is offered as a commercial building, with the source information also describing an option to acquire the business and inventory together with the real estate.
The building sits next to a City of Fruita parking lot, adding convenient nearby parking to its downtown placement. The property is offered as a commercial building, with the source information also describing an option to acquire the business and inventory together with the real estate.
Key Highlights
- 4,600‑square‑foot storefront building
- Located on E Aspen Avenue in downtown Fruita
- Adjacent to a City of Fruita parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,632
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,640
$872.6K
Cap Rate 7%
$623,314
$623.3K
Cap Rate 9%
$484,800
$484.8K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$66.2K $14.40/SF
− Vacancy
−$3.9K −$0.85/SF
EGI
$62.3K $13.55/SF
− OpEx
−$18.7K −$4.07/SF
NOI
$43.6K $9.49/SF
Area
Mesa County, CO
Vacancy
5.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,640
Cap Rate 7%
$623,314
Cap Rate 9%
$484,800
Alternative Uses
Best Use
Retail
$623.3K
$545.4K – $727.2K
NOI $43,632 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$8.73M
$7.64M – $10.18M
NOI $611,064 @ 7.0% cap · market cap 97.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81521, CO
16,446
Population
6,531
Households
2.5
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
181.6 sq mi
ZIP Area
91
Density / Sq Mi
$82,632
Median Household Income
$41,801
Median Earnings
$1,249
Median Rent
$385,300
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 West region
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Similar Off Market Nearby
- Flowers By Jimmie — 218 E Aspen Ave, Fruita, CO 81521
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown Fruita storefront positioned beside a City of Fruita parking lot.
Where is this storefront property located?
The property is located at 220 E Aspen Avenue Fruita, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,600‑square‑foot storefront building; Located on E Aspen Avenue in downtown Fruita; Adjacent to a City of Fruita parking lot
