Commercial Kitchen
For Sale
Contact for pricing
2853 North Ave, Grand Junction, CO 81501
Built in 2001, the facility combines a full commercial kitchen with dining, office, and flexible room areas.
Property Size8,869 SF
Lot Size0.91 Acres
Price / SF$129.67
Days on Market54
Property Features for 2853 North Ave
General Information
Standard status
Active
Size
8,869 SF
Class
A
Total Parking Spaces
40
Lot size
0.91 Acres
Property subtype
Retail, Office, Hospitality
Zoning
MU-2
Investment Type
Owner/User
Additional Details
Equipment Included
Yes
Building Details
Year Built
2005
Buildings
1
Stories
1
Units
1
Listing Agency:
Bray Real Estate
Listed By:
Andrea Haitz · License #100022694
(970) 201-3578
Source:
Crexi
Added: Aug 14
Changed: Sep 12
Last Checked: Oct 5 at 6:51PM
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 Bray Real Estate
Investment Insights
Based on property information with market context.
This 8,869-square-foot commercial kitchen facility occupies 0.91 acres and was built in 2001. Interior improvements include a full commercial kitchen with preparation and storage areas, a large open dining and gathering hall, a reception and lobby area, multiple private offices, ADA restrooms, and additional open rooms that can support varied operational layouts.
The property is located at 2853 North Ave in Grand Junction, Colorado, with visibility and access from North Avenue. Ample on-site parking serves the building. Its existing kitchen, dining, office, and flexible-room configuration provides a substantial commercial framework for restaurant, commissary, shared-kitchen, organizational, or community-oriented uses, subject to verification of permitted uses.
The property is located at 2853 North Ave in Grand Junction, Colorado, with visibility and access from North Avenue. Ample on-site parking serves the building. Its existing kitchen, dining, office, and flexible-room configuration provides a substantial commercial framework for restaurant, commissary, shared-kitchen, organizational, or community-oriented uses, subject to verification of permitted uses.
Key Highlights
- 8, 869 SF commercial building on 0.91 acres
- Full commercial kitchen with prep and storage areas
- Large open dining and gathering hall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,290
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,800
$1.4M
Cap Rate 7%
$975,571
$975.6K
Cap Rate 9%
$758,778
$758.8K
Market Conditions
NOI Build-Up for 8,869 SF
Gross rent
$103.2K $11.64/SF
− Vacancy
−$5.7K −$0.64/SF
EGI
$97.6K $11.00/SF
− OpEx
−$29.3K −$3.30/SF
NOI
$68.3K $7.70/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,800
Cap Rate 7%
$975,571
Cap Rate 9%
$758,778
Alternative Uses
Best Use
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,334 @ 7.0% cap · market cap 11.33%
Second Best
Industrial
$975.6K
$853.6K – $1.14M
NOI $68,290 @ 7.0% cap · market cap 5.94%
Theoretical Best
Healthcare Medical
$16.83M
$14.73M – $19.64M
NOI $1,178,158 @ 7.0% cap · market cap 102.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
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 West region
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Built in 2001, the facility combines a full commercial kitchen with dining, office, and flexible room areas.
Where is this commercial kitchen located?
The property is located at 2853 North Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 8, 869 SF commercial building on 0.91 acres; Full commercial kitchen with prep and storage areas; Large open dining and gathering hall
