Downtown Monument Income-Producing Commercial
For Sale
$636,500
Pending
244 Washington Street, Monument, CO 80132
Commercial property with two dwellings, offering flexibility and income potential.
Property SizeContact for details
Days on Market443
Property Features for 244 Washington Street
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1915
Listing Agency:
LEE AND ASSOCIATES REAL ESTATE, INC.
(719) 963-6032
Listed By:
STEPHANIE LEE MRP
Source:
Corcoran
Added: Jun 13, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:15AM
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 LEE AND ASSOCIATES REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
Located in downtown Monument, this commercial property offers income-producing opportunities. The property includes two separate dwellings on a landscaped lot. The front home, approximately 1,444 square feet, features 3 bedrooms and 1 full bath. It is currently configured as private office space, with each bedroom functioning as an individual office. A smaller flex room offers additional leasing potential for a part-time professional or private workspace. The kitchen is spacious and sun-filled, with large windows and skylights, making it suitable as a residence or short-term rental. Behind the main home is a fully updated guest cottage offering approximately 640 square feet with 1 bedroom, a loft, and a 3/4 bath. French doors open to a private courtyard. The cottage is currently operated as a short-term rental. Zoned for commercial use, the property is a short walk to Monument Lake, restaurants, shops, farmers markets, and concerts in the park. This property is located in one of Monument’s walkable districts and offers potential for investment, business launch, or on-site living with income generation.
Key Highlights
- High‑income potential property with two separate dwellings on one lot.
- Prime downtown Monument location, commercially zoned and walkable to amenities.
- Front home (approx. 1,444 sq ft) adaptable as office space, residence, or short‑term rental.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 80132, CO
27,533
Population
10,413
Households
2.6
Avg Household Size
44
Median Age
58%
College-Educated
98%
High-School Grad
39.9 sq mi
ZIP Area
690
Density / Sq Mi
$155,176
Median Household Income
$62,826
Median Earnings
$2,134
Median Rent
$700,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Commercial property with two dwellings, offering flexibility and income potential.
Where is this live-work space located?
The property is located at 244 Washington Street Monument, CO.
What is the asking price?
The asking price for this property is $636,500.
What are key features of this property?
This property features: High‑income potential property with two separate dwellings on one lot.; Prime downtown Monument location, commercially zoned and walkable to amenities.; Front home (approx. 1,444 sq ft) adaptable as office space, residence, or short‑term rental.
