509 Main StSpringfield, CO 81073

  • Other commercial real estate
  • 0.25 AC
For Sale
$125,000 View listing

Property Details for 509 Main St

Lot size
0.25 AC
Property type
Other commercial real estate
APN
R007808
APU
R007808

Description

This 2,694 square foot commercial building is situated on a highly visible corner lot in Springfield, Colorado, offering exceptional potential for a variety of businesses. The property boasts a generous 0.26-acre lot (11,230 square feet) of concrete paving, providing ample space for parking and maneuvering. The building features three overhead doors – two measuring 10 feet by 10 feet, and one measuring 10 feet by 8 feet – ideal for loading and unloading. The interior features corrugated galvanized steel lining portions of the ceiling and walls, accented with wood trim. While the building requires some attention, including roof repair over the office/storage area and connection of newly installed air ducts to a heating/cooling system, the significant upside potential is undeniable. The strategic location on Main Street in Springfield presents a unique opportunity for an entrepreneur seeking a well-positioned commercial space. The seller is considering all offers, making this an attractive investment prospect. The building's size and features make it suitable for a range of commercial uses, promising a strong return on investment for the right buyer.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,768,715
    Hospitality
    $1,620,133
    Educational
    $1,347,932
    Medical
    $1,394,289
    Retail
    $2,096,783
509 Main St, Springfield, Colorado

Location Insight

City
Springfield
County
Baca
State
Colorado
Latitude
37.4091
Longitude
-102.617

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$213
$761
$1,268
$2,029
-
$2,727
$4,545
$7,272

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