322 N Main St Gunnison, CO 81230
- Investment properties
- 1,162 SF
- 0.14 lot acres
Current Use by Public Records
- Elk Mountain Therapy Associates / Physical Therapy Clinic / Rehabilitation Center
- Teton Hand Therapy / Occupational Therapist / Physical Therapy Clinic
- The Hand Parlor / Spa
Property Details for 322 N Main St
- Year built
- 2017
- Lot size
- 0.14 lot acres
- Property size
- 1,162 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 370136305002
- APU
- 370136305002
Description
This exceptional mixed-use property, located at 322 N MAIN Street, Gunnison, CO, presents a unique investment opportunity. Situated on a highly visible 0.14-acre corner lot at the intersection of North Main and Ohio Streets, this 3,534 square foot building offers a blend of commercial and residential spaces. Formerly the Gunnison Valley Health Rehabilitation Center, the property underwent a thoughtful expansion and renovation in 2017. The main commercial space, facing Main Street, boasts high ceilings, elegant wide-trim detailing, and solid fir-raised panel doors, creating a professional and inviting atmosphere. The layout includes a welcoming reception area, four private offices, and multiple open areas providing flexibility for various business configurations. A laundry/utility room and additional basement storage enhance functionality. Importantly, the entire commercial space is fully handicap accessible. Adding to its appeal, the 2017 renovation incorporated two residential units at the rear of the building. One is a studio apartment and the other a one-bedroom apartment, each with its own private bathroom and balcony. A shared laundry area is conveniently located at the entrance for both units. Dedicated parking spaces are provided at the rear of the property for the residential tenants. Priced at $2,000,000, this property offers a rare combination of commercial and residential income potential in the desirable Gunnison, CO market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $335,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $350,000
- Mixed-Use
- $310,000
- Hospitality
- $340,000
- Educational
- $285,000
- Residential Income
- $365,000
- Energy
- $300,000
- Income-Based Land
- $280,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Gunnison
- County
- Gunnison
- State
- Colorado
- Longitude
- -106.927
- Latitude
- 38.5475
