3303 Chicago Creek Rd Idaho Springs, CO 80452

Property Details for 3303 Chicago Creek Rd

Lot size

3.32 lot acres

Property type

Commercial real estate

Description

This exceptional 3.32-acre waterfront property in Idaho Springs, Colorado, presents a unique investment opportunity. Currently operating as a thriving boutique cabin and condo resort, this established business boasts 6 fully furnished cabins and a 5-unit apartment building, totaling 11 rental units. Each unit is meticulously maintained and features either original rustic charm or modern amenities, including private outdoor spaces, fireplaces (in some), and fully equipped kitchens or kitchenettes. The property enjoys a prime location, just minutes from historic downtown Idaho Springs and I-70, providing easy access to numerous attractions, including Mount Blue Sky, Loveland and Echo Mountain Ski Areas, and various outdoor recreation opportunities. The property's C3 zoning allows for diverse uses beyond its current operation as a hotel/motel/lodging, offering significant potential for expansion and development. With strong year-round occupancy rates (typically 70-90%), a loyal customer base, and excellent online reviews, this resort generates a consistent revenue stream with substantial growth potential. The property's proximity to Denver (40-minute drive) and its location near a luxury wedding venue further enhance its appeal and profitability. The sale includes 6,625 square feet of building space, a garage, storage space, and an office. The property's natural beauty, combined with its strategic location and established business model, makes it an ideal investment for discerning buyers seeking a high-return, turnkey operation in a sought-after Colorado mountain destination. The asking price is $5,000,000 and is eligible for a 1031 exchange.