447 Main St Montrose, CO 81401
This exceptional Main Street corner building offers approximately 1,675 square feet of adaptable space, perfect for a variety of commercial ventures. Located in Montrose's historic downtown business district, this property boasts unparalleled visibility and accessibility from its strategic corner location. The large primary space is easily customizable for professional offices, retail outlets, or showrooms. Zoned B-1 "Central Business District," it allows for retail stores, professional offices, and service establishments. The building features one common restroom. This is an adjusted gross lease; tenants are responsible for all utilities, interior and exterior maintenance (including landscaping and snow removal), and liability insurance. The building was constructed in 1895 and has a total of 1,587 square feet across three suites, with all currently vacant. The property's Assessed Parcel Number (APN) is 3767-284-03-012. This is a unique opportunity to establish a business in a highly visible and desirable downtown location. Additional office space is available in the rear of the building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.