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Retail/Office Building Under Renovation
For Lease
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5604 N Union Blvd, Colorado Springs, CO 80918

Retail/office spaces available in central Colorado Springs undergoing renovations.

Days on Market561

Property Features for 5604 N Union Blvd

General Information

Standard status Active
Property subtype Retail, Office
Listing Agency: Cushman & Wakefield Colorado Springs Commercial
Listed By: Chris Myers · License #CO FA100053767
Source: Crexi
Added: Jan 17, 2025 Changed: Jul 6 Last Checked: Jul 30 at 10:20AM

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 Cushman & Wakefield Colorado Springs Commercial

Investment Insights

Based on property information with market context.

This retail/office building is located in central Colorado Springs, providing easy access to all parts of town. The building is currently undergoing renovations. The available spaces could work for many users from medical to office or retail. Current NNNs are $4.30 PSF.

Key Highlights

  • Central Colorado Springs location provides easy access to all parts of town.
  • Building is undergoing renovations.
  • Suitable for various users: medical, office, or retail.

Property Analytics

Current Use

Michael Valier Alternative Medicine Practice Center for Better Balance ... Alternative Medicine Practice

Suggested Use

Top Pick Law Firm Parking Lot & Garage Food Market Grocery & Convenience Store Cafe & Coffee Shop (Bike/Boat/Book/etc) 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.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

825
Businesses Nearby

Demographics for 80918, CO

47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
Median Home Value

Market

Lease Benchmarks for Colorado Springs, CO

$16.83 /SF/Yr
Avg Asking Price
$12–$26 /SF/Yr
Price Range
5,380 SF
Avg Space Size

This space is priced 29% below the average of $16.83 /SF/Yr.

Vacancy Rate% for Office in Colorado Springs, CO

7.9% 2019
8.1% 2020
9.3% 2021
8.5% 2022
10.6% 2023
9.5% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail/office spaces available in central Colorado Springs undergoing renovations.
Where is this retail space located?
The property is located at 5604 N Union Blvd Colorado Springs, CO.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Central Colorado Springs location provides easy access to all parts of town.; Building is undergoing renovations.; Suitable for various users: medical, office, or retail.
(719) 649-7292 Call to check price and availability
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