Historic Storefront with MX-L
New
For Sale
$680,000
2413 W Colorado Avenue, Colorado Springs, CO 80904
Commercial, Colorado Springs, CO
Property Size2,625 SF
Price / SF$259.05
Days on Market2
Property Features for 2413 W Colorado Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11297
Building Details
Year built
1906
Listing Agency:
Colorado Su Casa Realty LLC
(719) 445-2018
Listed By:
Nancy Milliron
(719) 330-2954
Added: Oct 21
Last Checked: Oct 22 at 2:06AM
MLS# 6080803
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,625-square-foot commercial condo dates to 1906 and is arranged as multiple rooms and alcoves, with a private office, breakroom, lavatory, and storage at the rear alley entrance. MX-L zoning supports retail, office, restaurant, entertainment, and hospitality uses.
The storefront is on West Colorado Avenue, directly across from Bancroft Park in Old Colorado City. Highway 24 and downtown Colorado Springs are accessible nearby.
The storefront is on West Colorado Avenue, directly across from Bancroft Park in Old Colorado City. Highway 24 and downtown Colorado Springs are accessible nearby.
Key Highlights
- 2,625 square feet; built in 1906
- Commercial condo zoned MX‑L
- Multiple rooms and alcoves, plus a private office and breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,587
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,740
$631.7K
Cap Rate 7%
$451,243
$451.2K
Cap Rate 9%
$350,967
$351.0K
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$47.3K $18.00/SF
− Vacancy
−$2.1K −$0.81/SF
EGI
$45.1K $17.19/SF
− OpEx
−$13.5K −$5.16/SF
NOI
$31.6K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,740
Cap Rate 7%
$451,243
Cap Rate 9%
$350,967
Alternative Uses
Best Use
Retail
$451.2K
$394.8K – $526.5K
NOI $31,587 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
26k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 25%
Apparel 21%
Hotels & Casinos 1%
Rocky Mountain Chocolate Factory
Dining
6,520 visits/mo
0.1 miles
Goodwill
Apparel
5,564 visits/mo
0.1 miles
Circle K
Shops & Services
4,671 visits/mo
0.3 miles
Conoco
Shops & Services
4,563 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,161 visits/mo
0.3 miles
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Colorado Springs, CO
Similar Off Market Nearby
- Design Works A Floral Studio — 2725 Ore Mill Rd, Colorado Springs, CO 80904
- Sweetwater a Flower Market — 2419 W Colorado Ave, Colorado Springs, CO 80904
- Club Flower — 2752 Colorado Ave, Colorado Springs, CO 80904
- Privé Events — 2708 West Colorado Ave, Unit C, Colorado Springs, CO 80904
Frequently Asked Questions
What type of property is this?
Storefront property - A multi-room layout includes a private office, breakroom, lavatory, and rear-entry storage.
Where is this storefront property located?
The property is located at 2413 W Colorado Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 2,625 square feet; built in 1906; Commercial condo zoned MX‑L; Multiple rooms and alcoves, plus a private office and breakroom
