Monument Income-Producing Commercial
244 Washington Street, Monument, CO 80132
Commercial property with two dwellings, offering flexibility and multiple income streams.
- Added:
- Jun 13, 2025
- Days on Market:
- 338
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 244 Washington Street
General Information
- Standard status
- Active
Building Details
- Year Built
- 1915
Listing agent STEPHANIE LEE MRP
Listing office LEE AND ASSOCIATES REAL ESTATE, INC.
Listing date Jun 13, 2025
Source Corcoran
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.
HighLights
- Income‑producing commercial property with two separate dwellings on one lot.
- Prime downtown Monument location, walkable to Monument Lake, restaurants, shops, and events.
- Front home (approx. 1,444 sq ft) currently configured as office space with potential for residential or short‑term rental conversion.
- Updated guest cottage (approx. 640 sq ft) with loft and private courtyard, currently operating as a successful short‑term rental.
- Zoned for commercial use, offering flexibility for business operation, investment, or owner‑occupancy with rental income.
- Spacious, sun‑filled kitchen in the main home with large windows and skylights.
Overview
Located in downtown Monument, this commercial property offers income-producing potential. The property includes two separate dwellings on a landscaped lot. The front home, approximately 1,444 square feet, contains 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 provides additional leasable space. The kitchen features large windows and skylights. The front home is suitable for use as a residence or a short-term rental. Tucked behind the main home is a fully updated 640-square-foot guest cottage 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 located within walking distance of Monument Lake, restaurants, shops, farmers markets, and concerts in the park. The property is located in a walkable district. It offers potential for expanding an investment portfolio, launching a business, or on-site living while generating income.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Monument
- County
- El Paso
- State
- Colorado
- Longitude
- -104.872
- Latitude
- 39.0922
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercial property with two dwellings, offering flexibility and multiple income streams.
Where is this mixed-use property 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: Income‑producing commercial property with two separate dwellings on one lot.; Prime downtown Monument location, walkable to Monument Lake, restaurants, shops, and events.; Front home (approx. 1,444 sq ft) currently configured as office space with potential for residential or short‑term rental conversion.
