237 Main StGunnison, CO 81230

Property Details for 237 Main St

Year built

1924

Lot size

0.07 AC

Property size (Sq ft)

3,125 SF

Property type

Individual retail properties

APN

370136325012

APU

370136325012

Description

This exceptional commercial property, situated in Gunnison's bustling Central Business District at 237 N MAIN Street, presents a unique investment opportunity. Boasting 3,125 square feet of versatile space, this property is perfectly suited for a wide range of commercial ventures, including retail, office, or mixed-use operations. Its prime location offers unparalleled visibility and accessibility, benefiting from significant foot and vehicle traffic due to its highway 135 frontage. The building is equipped with three-phase power, making it suitable for businesses requiring heavy electrical equipment, such as light industrial or manufacturing uses. A natural gas heating system ensures efficient and cost-effective climate control year-round. Recent upgrades to the water infrastructure further enhance the property's value, minimizing upfront costs for prospective buyers. The 0.07-acre lot provides ample space for operations and potential future expansion. This property's central location, robust infrastructure, and high visibility make it an ideal choice for businesses seeking a strong foothold in Gunnison's thriving commercial market. The property is ready for immediate occupancy, offering a seamless transition for new businesses. Its combination of location, size, and utility makes it a compelling investment opportunity in a growing Colorado town.

• CAP approach

  CAP return

  Valuation

  6%

  $652,285

  6.5%

  $602,109

  7%

  $559,101

• Comparable approach

  Method

  Valuation

  Relative Method

  $661,393

  Geo Method

  $268,515

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,168,820

  Mixed-Use / Specialty

  $602,127

  Hospitality / Lodging

  $444,579

  Office

  $600,804

  Institutional / Educational

  $626,743

  Residential Income

  $733,289

  Multifamily

  $867,469

  Automotive / Energy

  $537,208

  Parking / Income-Based Land

  $183,246

  Restaurant / Food Service

  $317,790

  Healthcare / Senior Housing

  $615,250

Location Insight

City

Gunnison

County

Gunnison

State

Colorado

Latitude

38.5463

Longitude

-106.927

Property Tax & Assessments

FAQs

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