1204 Ute Ave Grand Junction, CO 81501
This 1,268-square-foot commercial property, located at 1204 Ute Ave in Grand Junction, Colorado, is priced at $239,900 ($189.20/sq ft). The building, a stone and stucco structure, sits on a 0.14-acre lot and benefits from a highly visible corner location at Ute Avenue and 12th Street, just two blocks from the new skate park. The property includes a fully paved lot at 222 South 12th Street, directly north of the main building. Currently zoned MU-2, this versatile space has been used for both commercial and residential purposes in the past. The property requires repairs, and is priced accordingly; there are no warranties or guarantees. This presents a unique opportunity for a retail or service business, a professional office, or even as a base for food trucks. The seller is open to considering an owner-carry financing option. The property consists of one 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
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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.