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    171 Lake Rd Grand Junction, CO 81507

    For Sale
    $825,000

    8.62 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8.62-acre commercial land parcel in Grand Junction, Colorado, presents a unique investment opportunity. Located at 171 Lake Rd, 81507, the property boasts MU-2 zoning, allowing for versatile development options, including multi-family housing and other commercial uses. Its prime location directly behind a shopping center anchored by a grocery store ensures high visibility and convenient access for future businesses or residents. The property's proximity to downtown Grand Junction further enhances its appeal. Adding to its desirability, the land borders the Riverfront Trail, offering residents and patrons access to hiking and biking trails, Colorado State Park Connected Lakes, and the Colorado River. The APN is 2945-164-00-290. This strategic location, combined with the flexible zoning and attractive natural surroundings, makes this property an ideal choice for developers seeking a high-potential investment in a thriving Colorado community. The asking price is $825,000. This is a rare opportunity to acquire a significant land parcel with exceptional development potential in a desirable location. Don't miss out on this chance to shape the future of Grand Junction.

    Property Features for 171 Lake Rd

    General Information

    Property type
    Land
    Lot Size
    375,487 SF

    HighLights

    • $825,000 asking price.
    • 8.62‑acre commercial land parcel.
    • MU‑2 zoning allows mixed‑use development.
    • Adjacent to a shopping center.
    • Close proximity to Grand Junction's downtown.
    • Direct access to the Riverfront Trail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.5901852
    Latitude
    39.0687796

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    FAQs

    What type of property is this?
    Land - 8.62 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 171 Lake Rd Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: $825,000 asking price.; 8.62-acre commercial land parcel.; MU-2 zoning allows mixed-use development.
    (970) 241-2909
    Request Owner's contact information
    171 Lake Rd Grand Junction, CO 81507
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    Grand Junction, CO 81507
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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
    171 Lake Rd Grand Junction, CO 81507
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