Historic Corner Office
535 N 7th Street Grand Junction, CO 81501
535 N 7th Street, Grand Junction, CO, 81501
Contact for pricing
For Sale
Contact for pricing
Fully remodeled multi-level building with a balcony on a corner lot and ample on-site parking.
Property Size5,502 SF
Price / SF$227.19
Days on Market21
Property Features for 535 N 7th Street
General Information
- Standard status
- Active
- Size
- 5,502 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1929
Listing agency
Venture Group
(970) 778-0796
Listed by
KYLE SERRANO · License #II 100075682
Source
Crexi
Added: Jul 1 Updated: Jul 21 at 3:46AM Checked: Jul 21 at 3:46AM
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 Venture Group
Investment Insights
Based on property information with market context.
Fully remodeled historic property offering over 5,500 square feet of usable space across two fully updated levels plus a third level balcony area. The layout provides flexibility for a single tenant or multiple occupants, including options for office, professional services, medical, or live-work configurations.
The building is situated on a corner lot in downtown Grand Junction at the intersection of 7th Street and Chipeta Ave. The exterior includes manicured landscaping and the property benefits from ample parking and high visibility.
This turn-key building is offered for sale and is suited for users or investors seeking a centrally located, adaptable historic structure with multiple potential leasing and occupancy arrangements.
The building is situated on a corner lot in downtown Grand Junction at the intersection of 7th Street and Chipeta Ave. The exterior includes manicured landscaping and the property benefits from ample parking and high visibility.
This turn-key building is offered for sale and is suited for users or investors seeking a centrally located, adaptable historic structure with multiple potential leasing and occupancy arrangements.
Key Highlights
- Fully remodeled historic building built in 1929
- Over 5,500 SF of usable space across multiple levels for office, professional, medical, work‑live, or other uses
- Multi‑level layout with 2 fully updated levels plus a 3rd level balcony area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.0k | $18.00 |
| − Vacancy | −$29.7k | −$5.40 |
| EGI | $69.3k | $12.60 |
| − OpEx | −$17.3k | −$3.15 |
| NOI | $52.0k | $9.45 |
5,502 SF · lease $18.00/SF/yr · vacancy 30.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$10.44M
$9.14M – $12.18M
NOI $730,886 @ 7.0% cap · market cap 58.47%
Second Best
Office B
$742.8K
$649.9K – $866.6K
NOI $51,994 @ 7.0% cap · market cap 4.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
First Church-Christ Scientist
Church
Elysium Studios
Tattoo & Piercing Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Fully remodeled multi-level building with a balcony on a corner lot and ample on-site parking.
Where is this live-work space located?
The property is located at 535 N 7th Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully remodeled historic building built in 1929; Over 5,500 SF of usable space across multiple levels for office, professional, medical, work‑live, or other uses; Multi‑level layout with 2 fully updated levels plus a 3rd level balcony area
