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Historic Mixed-Use Property
New
For Sale
$499,900

230 S 2nd Street, Montrose, CO 81401

A street-level commercial space is paired with a separate one-bedroom apartment upstairs.

Property Size2,001 SF
Price / SF$249.83
Days on Market5

Property Features for 230 S 2nd Street

General Information

Standard status Active
Size 2,001 SF
Total Parking Spaces 1
Property subtype Commercial
Zoning Business, Commercial, Mixed Use, B2

Units

Unit Mix 1 x 1BR/1BA
Multifamily Units 1

Additional Details

Mixed-Use Components retail, residential

Amenities

covered back porch
ADA compliant entry
privacy fenced backyard
alley access
private entrance to upstairs apartment
custom maple cabinets
quartz countertops
mini-split heat pump HVAC

Building Details

Building Size 2,001 SF
Year Built 1895
Buildings 2
Stories 2
Units 2
Listing Agency: Grand Mesa Real Estate Services
Listed By: Lucinda Stanley
Source: Grandmesares
Added: Oct 21 Changed: Oct 24 Last Checked: Oct 24 at 3:11PM

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 Grand Mesa Real Estate Services

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Investment Insights

Based on property information with market context.

Dating to 1895, the property combines 1,520 square feet of commercial space on the main floor with a one-bedroom apartment above. The commercial area includes several rooms, a kitchen area, laundry, a half bath, and a pantry used as office space. Original woodwork and room details remain, and the upstairs apartment has an updated kitchen, full bath, and mini-split HVAC. Mini-split HVAC also serves the main floor.

The property is across the street from the library and Colorado University Montrose campus, and two blocks from Historic Montrose Downtown. Access features include an ADA-compliant entry, an alley entrance, and a separate entrance to the apartment. The site also has a covered back porch, a privacy-fenced backyard, and a detached one-car garage.

Key Highlights

  • 1,520‑square‑foot main‑floor commercial space
  • Separate one‑bedroom apartment with its own entrance
  • Built in 1895, with original woodwork and preserved room details

Property Analytics

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Current Use

Hair Lines & Nail ... Nail Salon

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

1,632
Businesses Nearby
74k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 41% Dining 38% Shops & Services 11% Home Improvements & Furnishings 9%
City Market Groceries
30,253 visits/mo 0.1 miles
Burger King Dining
9,661 visits/mo 0.4 miles
Jimmy John's Dining
7,343 visits/mo 0.2 miles
Abel's Ace Hardware Home Improvements & Furnishings
5,961 visits/mo 0.2 miles
SUBWAY Dining
5,405 visits/mo 0.2 miles

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 Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A street-level commercial space is paired with a separate one-bedroom apartment upstairs.
Where is this mixed-use property located?
The property is located at 230 S 2nd Street Montrose, CO.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,520‑square‑foot main‑floor commercial space; Separate one‑bedroom apartment with its own entrance; Built in 1895, with original woodwork and preserved room details
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