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    2180 Ivanhoe St Denver, CO 80222

    For Sale
    $4,250,000

    Multi-tenant flex building, ideal owner-user.

    Property size:
    18,069 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 18,069-square-foot flex property, located at 2180 S Ivanhoe St, Denver, CO 80222, presents a compelling investment opportunity for owner-users or investors. The property, known as Evans Business Plaza, boasts nine independent units, each approximately 2,007 square feet, offering versatility and income potential. Recently renovated in 2022, each unit features a 10x10 roll-up door, a private restroom, and efficient warehouse heating and cooling systems, ensuring modern functionality and comfort. The building's strategic location along the I-25/E. Evans corridor provides excellent accessibility and visibility. The asking price is $4,250,000, translating to $235.21 per square foot and $472,222.22 per unit. The property is zoned I-MX-3 and features a 12.5-foot ceiling height. Seven of the nine units are currently leased, providing immediate cash flow. Up to 15,129 square feet of additional space is available for lease, offering further expansion or rental income opportunities. Built in 1978, this well-maintained property offers a blend of established infrastructure and modern upgrades, making it an attractive proposition for a variety of businesses. This is a multi-tenant, triple net (NNN) lease property.

    Property Features for 2180 Ivanhoe St

    General Information

    Property type
    Flex space
    Square Feet
    18,069 SF

    Building Details

    Year Built/Renovated
    1978/2022
    Units
    9

    HighLights

    • $4,250,000 asking price for this multi‑tenant industrial flex property.
    • 18,069 square feet, 9 units, in Denver, CO.
    • Recently renovated in 2022.
    • Each unit features a 10x10 roll‑up door, private restroom, and HVAC.
    • Up to 15,129 square feet available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Swenson Richard E ... Accountant Alpha ESS USA Battery Manufacturer Canopy Roof & Restoration Roofing Contractor Mile High Auto ... Car Detailing Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.92041268831
    Latitude
    39.677035374509

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant flex building, ideal owner-user.
    Where is this flex space located?
    The property is located at 2180 Ivanhoe St Denver, CO.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: $4,250,000 asking price for this multi-tenant industrial flex property.; 18,069 square feet, 9 units, in Denver, CO.; Recently renovated in 2022.
    Request Owner's contact information
    2180 Ivanhoe St Denver, CO 80222
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    Denver, CO 80222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2180 Ivanhoe St Denver, CO 80222
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