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Mixed-Use Building with Upstairs Apartment
For Sale
$399,000

35 & 37 S Nevada Avenue, Montrose, CO 81401

COMMERCIAL, Montrose, CO

Property Size1,968 SF
Lot Size0.15 Acres
Price / SF$202.74
Days on Market95
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Property Features for 35 & 37 S Nevada Avenue

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Rooms Bathroom 1, Bathroom 3, Bathroom 2
Directions From Main St and Townsend Ave. Head East on Main Street then right onto S Nevada Ave. Property is located on the left on the NE corner of So. 1st. & Nevada Ave.
Standard status Active
Size 1,968 SF
Lot size 0.15 Acres

Amenities

track lighting
built-in shelving
kitchen/break room
restrooms
circular drive
separate rear entrance
mature landscaping

Building Details

Year built 1900
Listing Agency: Keller Williams Realty Southwest Associates, LLC - Montrose
Listed By: Candi Amaya · License #6474
Added: Jul 13 Changed: Oct 6 Last Checked: Oct 15 at 1:06PM
MLS# 835290

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story mixed-use property contains 1,968 square feet on a 0.15-acre corner parcel. The ground floor has an open front room, track lighting, built-in shelving, a kitchen or break area, and restrooms. A separate one-bedroom, one-bath apartment occupies the upper level. A rear entrance and circular drive provide additional access and off-street parking. The building dates to 1900 and features Victorian character and mature landscaping.

In downtown Montrose, the property sits one block from Main Street. Restaurants, shops, a hospital, and medical offices are within walking distance. The commercial and residential areas have distinct entrances and can be accessed separately.

Key Highlights

  • Two‑story mixed‑use layout with ground‑floor commercial space and a one‑bedroom, one‑bath apartment upstairs
  • 1,968 square feet on a 0.15‑acre corner parcel
  • Street‑level space includes an open front room, track lighting, built‑in shelving, kitchen or break area, and restrooms

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,585
Businesses Nearby
53k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 60% Shops & Services 26% Home Improvements & Furnishings 11% Hotels & Casinos 2%
McDonald's Dining
18,751 visits/mo 0.1 miles
Taco Bell Dining
10,760 visits/mo 0.3 miles
Shell Shops & Services
9,258 visits/mo 0.3 miles
Abel's Ace Hardware Home Improvements & Furnishings
5,961 visits/mo 0.5 miles
AutoZone Shops & Services
4,803 visits/mo 0.5 miles

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
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A two-story property pairs street-level commercial space with a separate residential unit above.
Where is this mixed-use property located?
The property is located at 35 & 37 S Nevada Avenue Montrose, CO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑story mixed‑use layout with ground‑floor commercial space and a one‑bedroom, one‑bath apartment upstairs; 1,968 square feet on a 0.15‑acre corner parcel; Street‑level space includes an open front room, track lighting, built‑in shelving, kitchen or break area, and restrooms
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