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Flex Space with Overhead Door

223 N 1st Street, Montrose, CO 81401

For Sale
$480,000

Separate front office or retail space from a rear shop and storage area, with additional basement storage.

Property Size2,875 SF
Price / SF$166.96
Days on Market96

Property Features for 223 N 1st Street

General Information

Standard status Active
Size 2,875 SF
Property subtype Office

Warehouse & Industrial

Warehouse Space 1,400 SF
Office Build-Out 1,475 SF
Drive-In Doors 1

Additional Details

Mixed-Use Components retail, office, workshop, storage
Property Use Commercial

Amenities

overhead garage door with alley access
half bathroom

Building Details

Year Built 1943
Buildings 1
Listing Agency: CENTURY 21 Elevated Real Estate
Listed By: Leslie Gore · License CO FA40023928
Source: Avenuesboutiquerealestate
Added: Aug 7 Changed: Nov 9 Last Checked: Nov 9 at 3:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Elevated Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 1943 commercial property has 2,875 square feet of heated main-level space, arranged as 1,475 square feet of front office or retail area and 1,400 square feet of shop or storage space. A 750-square-foot basement adds storage capacity. The building also includes a half bathroom and an overhead garage door with alley access.

The property is at 223 N 1st Street in Historic Downtown Montrose. Its earlier use was as a blacksmith shop.

Key Highlights

  • 2,875 square feet of heated main‑level space
  • Front area includes 1,475 square feet of office or retail space
  • Rear 1,400 square feet is configured for shop or storage use

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Locksmith Carpet & Flooring Store Electrical Service Pet 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
Drive-in doors

Location Intelligence

Trade Area within ½ mile

1,430
Businesses Nearby
Under-served
Demand for This Use

Demographics for 81401, CO

23,266
Population
10,782
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
200.2 sq mi
ZIP Area
116
Density / Sq Mi
$63,541
Median Household Income
$36,548
Median Earnings
$1,090
Median Rent
$343,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Separate front office or retail space from a rear shop and storage area, with additional basement storage.
Where is this flex space located?
The property is located at 223 N 1st Street Montrose, CO.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,875 square feet of heated main‑level space; Front area includes 1,475 square feet of office or retail space; Rear 1,400 square feet is configured for shop or storage use
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