Property summary
This exceptional commercial property, located at 1245 E Main St, Montrose, CO 81401, offers 2,969 square feet of versatile space in a high-traffic area. Situated on a corner lot at the intersection of Main Street and the San Juan Bypass (Highway 50), this building boasts excellent visibility and accessibility. Built in 1923, the single-tenant property features a spacious main floor with a welcoming reception area, eight offices, a kitchen, and two restrooms. Upstairs, two additional offices provide extra workspace. Unfinished basement space offers ample storage potential. The property sits on approximately 0.21 acres and includes a private, paved, off-street parking lot. Zoned B-2, the property is suitable for a variety of uses, including retail, restaurants, office space, and service establishments. The lease is a NNN lease, meaning the tenant is responsible for property taxes, building insurance, operating expenses, utilities, maintenance, and liability insurance. This is a rare opportunity to secure a well-located, established commercial building in a thriving Montrose community.
Property profile
VerifiedCap rate & NOI
Current use
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Publishing House Newspaper & Magazine
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Advertising Agency Marketing & Advertising
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Auto Repair Shop (Bike/Boat/Book/etc) Store
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Tutoring Service
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Business Service Center Advocacy Group
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning