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Commercial Flex Building with Residence

321 Pitkin Ave, Grand Junction, CO 81501

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Versatile commercial flex building with residential home in downtown.

Type:Office, Industrial

Property size:

4,200 SF

Price / SF:

$154/SF

HighLights

Two properties included: a commercial flex building and a residential home.
Commercial building features a 2,000+ SF shop area with a 14‑foot roll‑up door and tall ceilings.
The commercial building includes approximately 680 SF of finished upper‑level office space.
Residential home (800 SF, 2 bed/1 bath) can be used as office space or rental income.
Significant mezzanine storage in the commercial building (not included in square footage).
Convenient downtown Grand Junction location with proximity to I‑70 Business Loop and Highway 50.

We can help!

Contact an agent

Brian Bray

For Sale

Contact for pricing

Versatile commercial flex building with residential home in downtown.

Type:Office, Industrial

Property size:

4,200 SF

Price / SF:

$154/SF

Added:: Mar 20, 2026
Days on Market:: 100
Last Refresh:: Mar 20 at 8:46 pm

Property Features for 321 Pitkin Ave

General Information

Standard status: Active
Size: 4,200 SF
Property subtype: Office, Industrial

Building Details

Year Built: 2009

We can help!

Contact an agent

Brian Bray

Listing office Bray Real Estate

Listing date Mar 20, 2026

Source Crexi

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

HighLights

Two properties included: a commercial flex building and a residential home.
Commercial building features a 2,000+ SF shop area with a 14‑foot roll‑up door and tall ceilings.
The commercial building includes approximately 680 SF of finished upper‑level office space.
Residential home (800 SF, 2 bed/1 bath) can be used as office space or rental income.
Significant mezzanine storage in the commercial building (not included in square footage).
Convenient downtown Grand Junction location with proximity to I‑70 Business Loop and Highway 50.

Overview

This unique offering includes a versatile commercial flex building and an 800 square foot residential home featuring two bedrooms and one bathroom. The commercial space is ideal for service providers or contractors, featuring a showroom suitable for reception or workspace. It also includes a 2,000+ square foot shop area with a 14-foot roll-up door and tall ceilings. Significant mezzanine storage is available, though not included in the square footage. Approximately 680 square feet of finished upper-level office space is also present. The residential home can serve as additional office or breakroom space or provide rental income. The backyard offers parking or storage, and the convenient alley provides quick access to Pitkin or South Avenue. The property is located in downtown Grand Junction, with proximity to I-70 Business Loop and Highway 50.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$73.1k	$17.40
− Vacancy	−$5.7k	−$1.35
EGI	$67.4k	$16.05
− OpEx	−$23.6k	−$5.62
NOI	$43.8k	$10.43

4,200 SF · lease $17.40/SF/yr · vacancy 7.75% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$626.0K

$547.8K – $730.4K (±1% cap)

NOI $43,821 @ 7.0% cap · market cap 6.75%

Second Best

Office B

$567.0K

$496.1K – $661.5K (±1% cap)

NOI $39,690 @ 7.0% cap · market cap 6.12%

Theoretical Best

Healthcare Medical

$7.97M

$6.97M – $9.30M (±1% cap)

NOI $557,928 @ 7.0% cap · market cap 85.97%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Advanced Construction Technologies Construction Company Arctic Cooling & Heating ... Hardware & Home Improvement Grand Junction Electric Electrical Service

Suggested Use

Location Insight

Map
Local Demand

City: Grand Junction
County: Mesa
State: Colorado
Longitude: -108.5673593
Latitude: 39.0641497

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What type of property is this?

Mixed-use property - Versatile commercial flex building with residential home in downtown.

Where is this mixed-use property located?

The property is located at 321 Pitkin Ave Grand Junction, CO.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: Two properties included: a commercial flex building and a residential home.; Commercial building features a 2,000+ SF shop area with a 14‑foot roll‑up door and tall ceilings.; The commercial building includes approximately 680 SF of finished upper‑level office space.