322 Main StGunnison, CO 81230

  • Mixed-use properties
  • 1,162 SF
For Sale
$2,000,000 View listing

Property Details for 322 Main St

Year built
2017
Lot size
0.14 AC
Property size (Sq ft)
1,162 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $213,547
    6.5%
    $197,120
    7%
    $183,040
  • Comparable approach

    Method
    Valuation
    Relative Method
    $236,474
    Geo Method
    $96,004
  • Alternative Use

    Use
    Valuation
    Residential
    $244,429
    Hospitality
    $223,896
    Educational
    $186,279
    Medical
    $192,685
    Retail
    $289,767
322 Main St, Gunnison, Colorado

Location Insight

City
Gunnison
County
Gunnison
State
Colorado
Latitude
38.5475
Longitude
-106.927

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
$4,253
$29,740
$53,560
$83,300
-
$145,520
$390,610
$536,130

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