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Historic Mixed-Use Property
For Sale
$499,900

238 S 2nd St, Montrose, CO 81401

Renovated downtown building with a separate apartment, basement storage, alley access, and flexible commercial configuration.

Property Size2,939 SF
Lot Size0.14 Acres
Price / SF$170.09
Days on Market180

Property Features for 238 S 2nd St

General Information

Standard status Active
Size 2,939 SF
Total Parking Spaces 1
Lot size 0.14 Acres
Property subtype Commercial

Building Details

Year Built 1898
Buildings 1
Listing Agency: Keller Williams Colorado West Realty
Listed By: Delphine Jadot
Source: Mountainmeadowrealestate
Added: Mar 7 Changed: Sep 1 Last Checked: Sep 2 at 6:25PM

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 Keller Williams Colorado West Realty

Investment Insights

Based on property information with market context.

This mixed-use property combines a historic 1898 building with modern improvements and approximately 2,939 square feet of commercial and residential space. The separate upper-level apartment includes living space and a kitchen, while the main property also provides basement storage. A detached one-car garage/carport and alley access add functional support for deliveries, parking, tenant access, or storage.

Located at 238 S 2nd St in downtown Montrose, the property sits near Main Street and the central business district. The surrounding area includes restaurants, retail shops, professional services, City Market, and other established downtown destinations. Its configuration supports owner-user occupancy, multiple commercial tenants, or a combination of business and residential use, subject to applicable requirements.

Key Highlights

  • Historic building constructed in 1898 with modern improvements
  • Approximately 2,939 square feet plus basement storage
  • Separate upper‑level apartment with living space and kitchen

Property Analytics

Current Use

Office buildings

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.

Location Intelligence

Trade Area within ½ mile

1,632
Businesses Nearby

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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Renovated downtown building with a separate apartment, basement storage, alley access, and flexible commercial configuration.
Where is this mixed-use property located?
The property is located at 238 S 2nd St 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: Historic building constructed in 1898 with modern improvements; Approximately 2,939 square feet plus basement storage; Separate upper‑level apartment with living space and kitchen
More about this property
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