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Downtown Retail and Live-Work Building
For Sale
$899,000

316 E Main St, Montrose, CO 81401

Remodeled storefront building with open main-level retail space, offices, and an upstairs studio apartment under B-1 zoning.

Property Size3,750 SF
Price / SF$239.73
Days on Market49

Property Features for 316 E Main St

General Information

Standard status Active
Size 3,750 SF

Building Details

Year Built 1919
Listing Agency: 20 Sleeps West Real Estate
Listed By: Debra Harmon
Source: Theinkteam
Added: Jul 26 Changed: Sep 4 Last Checked: Sep 11 at 12:45PM

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 20 Sleeps West Real Estate

Investment Insights

Based on property information with market context.

This remodeled commercial building combines historic elements with modern functionality and offers flexible space across two levels. The main level includes an open retail floor plan, two private offices, ample storage, and inviting front display windows designed for customer visibility. Upstairs, a studio apartment provides live-work convenience and could be used as additional office space.

The property is located in downtown Montrose on E Main St and positioned for exposure on Main Street. It is noted as being one block from City Hall, the Post Office, Citizen's State Bank, and other downtown businesses.

Zoned B-1, the building supports a range of commercial uses, including retail and professional office applications, and may also be suitable for a boutique restaurant, subject to zoning and permitting requirements.

Key Highlights

  • Remodeled downtown Montrose commercial building with 3,750 SF total space: 3,125 SF main level plus 625 SF upstairs studio apartment
  • Main level features an open retail floor plan, two private offices, ample storage, and front display windows
  • Upstairs 625 SF studio apartment offers flexible live‑work use or conversion to additional office space

Property Analytics

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Current Use

D'Medici Footwear and Clothing Clothing Store

Suggested Use

Top Pick Parking Lot & Garage Locksmith Daycare Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Carpet & Flooring Store

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

1,715
Businesses Nearby
Balanced
Demand for This Use

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
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Remodeled storefront building with open main-level retail space, offices, and an upstairs studio apartment under B-1 zoning.
Where is this storefront property located?
The property is located at 316 E Main St Montrose, CO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Remodeled downtown Montrose commercial building with 3,750 SF total space: 3,125 SF main level plus 625 SF upstairs studio apartment; Main level features an open retail floor plan, two private offices, ample storage, and front display windows; Upstairs 625 SF studio apartment offers flexible live‑work use or conversion to additional office space
More about this property
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