504 Main St Grand Junction, CO 81501-2608
This exceptional mixed-use property at 504 Main Street, Grand Junction, Colorado, presents a unique investment opportunity. The 3,038 square foot building, constructed in 1890 and renovated in 1985, sits on a 0.99-acre lot and is currently vacant. Its permitted zoning is MU-3, allowing for diverse uses. The building's history as a restaurant is evident in existing features such as a partial mechanical hood and two ADA-compliant bathrooms. The wide-open floor plan offers flexibility for a variety of concepts, from a restaurant or storefront to creative office space. Its prime downtown location on Main Street ensures high visibility and foot traffic, benefiting from the vibrant atmosphere of neighboring retail shops, restaurants, and bars. The property's single story design and existing infrastructure provide a solid foundation for a new business venture. This landmark building offers a chance to capitalize on Grand Junction's growth and create a thriving establishment in a bustling area. The expansive space and adaptable layout make it ideal for entrepreneurs seeking a high-impact location. The property is for sale by owner and presents a blank canvas for your vision. The asking price is $697,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Grand Junction, COCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.