Property profile

1245 Main St Montrose, CO 81401

OFF-MARKET
Commercial real estate
Property ID
US13-2687011
2,970 SF 0.21 ac lot Built 1923
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1923
Construction WOOD
Total area 2,970 SF
Lot 0.21 ac (9,325 SF)
APN 3767-272-22-010
UPID US13-2687011

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Publishing House Newspaper & Magazine
  • Advertising Agency Marketing & Advertising
  • Auto Repair Shop (Bike/Boat/Book/etc) Store
  • Tutoring Service
  • Business Service Center Advocacy Group

Location

1245 Main St Montrose, CO 81401-5820
Montrose metro Census 966302 MONTROSE, CO MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
Last sale
$355,000
4 recorded transactions
2025
$355,000
2017
Price N/A
2010
Price N/A
2007
$385,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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