15 Iowa Ave, Unit 25 Denver, CO 80210-2615
- Retail space
- 21,497 SF
- 0.16 lot acres
Current Use by Public Records
- L.N.Greenleaf Lodge #169 / Fraternal Organization
- South Gate Masonic Lodge / Fraternal Organization
Property Details for 15 Iowa Ave
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 21,497 SF
- Zone code
- U-MS-3
- Property type
- Retail space
- APN
- 05227-10-010-000
- APU
- 522710010000
Description
This exceptional investment opportunity presents a free-standing, two-story storefront building totaling 21,258 square feet of net rentable space, situated on a 13,068 square foot lot in Denver, Colorado. Located at 15 E Iowa Ave, 80210, this property boasts a highly desirable location just south of I-25, strategically positioned between Downtown Denver, Cherry Creek, and the Denver Tech Center. The building, constructed in 1920 and extensively renovated in 2023, features six units and is zoned U-MS-3, permitting mixed-use residential, retail, and office configurations. The vacant status allows for complete tenant customization, presenting a unique opportunity for an owner-user or investor to capitalize on the vibrant surrounding area. The property benefits from a high-visibility corner location along South Broadway and East Iowa Avenue, experiencing 32,000 vehicles per day. Its proximity to public transportation, including RTD stations and the Light Rail, enhances its accessibility. The immediate vicinity offers a wealth of amenities, including restaurants, bars, and retail outlets, creating a thriving and convenient environment. The second floor is in shell condition, ready for build-out to suit a variety of needs. This is a rare chance to acquire a renovated, high-traffic storefront in a prime Denver location. The asking price is $2,750,000. The lease type is NNN.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,755,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,235,000
- 6.5%
- $2,470,000
- 7%
- $2,260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,745,000
- Geo Method
- $2,720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,630,000
- Retail
- $2,555,000
- Mixed-Use
- $2,500,000
- Hospitality
- $2,690,000
- Educational
- $2,440,000
- Residential Income
- $2,910,000
- Energy
- $2,380,000
- Income-Based Land
- $2,650,000
- Food Service
- $2,515,000
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.987
- Latitude
- 39.6877
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
