322 Main StGunnison, CO 81230

Property Details for 322 Main St

Year built

2017

Lot size

0.14 AC

Property size (Sq ft)

1,162 SF

Property type

Investment properties

Property subtype

Live-work space

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.

• 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

Location Insight

City

Gunnison

County

Gunnison

State

Colorado

Latitude

38.5475

Longitude

-106.927

Property Tax & Assessments

FAQs

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