Residential Development Land with
571 29 Road Grand Junction, CO 81504
For Sale
$559,900
LAND - Ranch - Grand Junction, CO
Property Size1,885 SF
Lot Size2.21 Acres
Price / SF$297.03
Days on Market186
Property Features for 571 29 Road
General Information
- Property type
- Land
- Property subtype
- Duplex
- Parking features
- Garage
- Fencing
- Privacy
- Standard status
- Active
- APN
- 2943-071-00 -012
- Size
- 1,885 SF
- Lot size
- 2.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3402
Utilities
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 1
- Architectural style
- Ranch
- Additional Structures
- Garage(s)
Listing Agency:
KELLER WILLIAMS COLORADO WEST REALTY
(970) 256-9100
Listed By:
Yadira Manila
(970) 778-1589
Added: Jan 18
Changed: Jul 22
Last Checked: Jul 23 at 6:06PM
MLS# 20261298
Copyright © 2026 Grand Junction Area Association of Realtors. 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 for-sale property consists of an approximate 2.21-acre parcel with an existing livable ranch residence that includes an in-law suite for interim use or rental income. The improvements also include a detached two-car garage with shop/office and two equipment sheds added in 2016, totaling 3,136 square feet combined, which can support storage and hobby space.
The property is located on 29 Road in Grand Junction, Mesa County. Public remarks indicate the site is positioned for infill-style development, with a future land use designation of Medium-Density Residential, subject to annexation into the City and City Planning approvals. The buyer is advised to verify annexation, zoning, density, and development feasibility with City Planning.
Seller financing is available with a minimum of 50% down payment for qualified buyers. Any future development plans should be confirmed through the applicable City Planning and annexation processes.
The property is located on 29 Road in Grand Junction, Mesa County. Public remarks indicate the site is positioned for infill-style development, with a future land use designation of Medium-Density Residential, subject to annexation into the City and City Planning approvals. The buyer is advised to verify annexation, zoning, density, and development feasibility with City Planning.
Seller financing is available with a minimum of 50% down payment for qualified buyers. Any future development plans should be confirmed through the applicable City Planning and annexation processes.
Key Highlights
- Approx. 2‑acre parcel on 29 Road with strong land value and future redevelopment potential (verify with City Planning).
- Existing residence is livable and includes an in‑law suite for interim use or rental income.
- Detached 2‑car garage with shop/office, plus two equipment sheds added in 2016 totaling 3,136 SF combined.
Financial Insights For Apartment 5plus
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 | $33.9k | $18.00 |
| − Vacancy | −$2.6k | −$1.40 |
| EGI | $31.3k | $16.61 |
| − OpEx | −$14.1k | −$7.47 |
| NOI | $17.2k | $9.13 |
1,885 SF · lease $18.00/SF/yr · vacancy 7.75% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,215 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.58M
$3.13M – $4.17M
NOI $250,403 @ 7.0% cap · market cap 44.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
FAQs
What type of property is this?
Residential land & home lot - A 2+ acre parcel with a livable ranch home, in-law suite, and detached garage with shop/office plus equipment sheds.
Where is this residential land & home lot located?
The property is located at 571 29 Road Grand Junction, CO.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Approx. 2‑acre parcel on 29 Road with strong land value and future redevelopment potential (verify with City Planning).; Existing residence is livable and includes an in‑law suite for interim use or rental income.; Detached 2‑car garage with shop/office, plus two equipment sheds added in 2016 totaling 3,136 SF combined.
