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Historic Mixed-Use Building
For Sale
$450,000
Pending

238 S 2nd Street, Montrose, CO 81401

COMMERCIAL, Montrose, CO

Property Size2,939 SF
Lot Size0.14 Acres
Days on Market85

Property Features for 238 S 2nd Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 2
Full bathrooms 1
Rooms Bathroom 2, Bathroom 1
Directions Starting at Main and Townsend, head south on Townsend for 2 Blocks. Turn Right on S 2nd St, lot is 2nd on the Left.
Standard status Pending
Size 2,939 SF
Lot size 0.14 Acres

Amenities

basement storage
upper-level apartment
alley access
detached one-car garage/carport

Building Details

Year built 1898
Listing Agency: Keller Williams Colorado West Realty · Keller Williams Realty
Listed By: Delphine Jadot
Added: Jul 18 Changed: Sep 29 Last Checked: Oct 10 at 4:06AM
MLS# 833430

Copyright © 2026 Colorado Real Estate Network Inc. 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.

Built in 1898 and renovated for modern functionality, this mixed-use property contains approximately 2,939 square feet, basement storage, and a separate upper-level apartment with living space and a kitchen. The layout supports office, retail, wellness, service, live/work, and multi-tenant configurations described for the property. A detached one-car garage/carport and alley access provide additional support space and rear entry options.

The building is located at 238 S 2nd Street in downtown Montrose, steps from Main Street and the surrounding business district. Nearby establishments include The Rathbone, Colorado Boy, MSSO, Eatery 66, City Market, retail shops, and professional services. The property occupies a 0.14-acre lot in Montrose County, Colorado.

Key Highlights

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

Property Analytics

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Current Use

Office Units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 property includes an upper-level apartment, basement storage, alley access, and a detached garage/carport.
Where is this mixed-use property located?
The property is located at 238 S 2nd Street Montrose, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,939 square feet plus basement storage; Separate upper‑level apartment with living space and kitchen; Built in 1898 and renovated with modern improvements
More about this property
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