330 N Institute St, Colorado Springs, CO 80903
- Retail space
- 3,325 SF
- 0.13 lot acres
Current Use by Public Records
- Switchback Coffee Roasters - Shooks Run / Cafe & Coffee Shop
Property Details for 330 N Institute St
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 lot acres
- Zone code
- C5/CR UV
- Property type
- Retail space
- APN
- 6417203001
- APU
- 6417203001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 7, 2021 | $920,000 | R&l Commercial LLC | Harvest Mxd LLC | Warranty Deed | $690k · First National Bank |
| Mar 18, 2020 | $550,000 | Harvest Mxd LLC | Brandon Delgrosso | Special Warranty Deed | $440k · Central Bank & Trust Co |
| Dec 30, 2016 | $390,000 | Brandon Delgrosso | Mitchell,betty J | Warranty Deed | $312k · Betty J Mitchell |
| Jun 20, 2013 | $310,000 | Betty J Mitchell | Aero Properties LLC | Warranty Deed | — |
| May 4, 2009 | $230,010 | Aero Properties LLC | Burry,robert A | Warranty Deed | — |
| Nov 21, 2008 | — | Robert A Burry | Burry,robert A | Quit Claim Deed · related | $125k · Legacy Bank |
| May 21, 2002 | $149,900 | Robert A Burry | Rbj Partnership LLP | Grant Deed | — |
| — | — | Robert A Burry | — | Deed Of Trust · related | $8k · Cheyenne Mountain Bank |
| — | — | Robert A Burry | — | Deed Of Trust · related | $76k · Cheyenne Mountain Bank |
Description
This exceptional storefront property at 330 N Institute St, Colorado Springs, CO 80903, is offered at $1,300,000. Ideally situated in a vibrant downtown location, this retail space boasts convenient access to major highways and public transportation, ensuring high visibility and accessibility for your business. The property itself is a beautiful blend of classic architectural details and modern updates, creating a warm and inviting atmosphere. Inside, you'll find multiple private offices, perfect for individual work or team collaboration, complemented by a welcoming reception area ideal for client interaction. Ample storage space is also available, catering to various business needs. The property further benefits from dedicated on-site parking for both staff and clients, a significant advantage in a bustling urban setting. This unique space offers a rare opportunity to establish your business in a location that combines historic charm with the functionality of a modern workspace. The property's central location and attractive features make it an excellent investment opportunity for discerning businesses seeking a distinctive and productive environment in the heart of Colorado Springs. This is a truly remarkable opportunity to own a piece of Colorado Springs history while enjoying the benefits of a contemporary, well-equipped commercial space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $875,000
- ML approach
- $915,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $665,000
- 6.5%
- $615,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,036,000
- AI Estimate
- $566,000
Market price range: $421k - $1.04MMarket price range: $185k - $567k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $700,000 Current use
- COMMERCIAL (GENERAL)
- $1,280,000 Change: +83% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $885,000 Change: +27% Conversion: Moderate
- OFFICE BUILDING
- $830,000 Change: +19% Conversion: Easy
- AUTO REPAIR, GARAGE
- $820,000 Change: +17% Conversion: Difficult
- MEDICAL BUILDING
- $800,000 Change: +14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.808
- Latitude
- 38.8389
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
