202 Main StMontrose, CO 81401

Property Details for 202 Main St

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

6,000 SF

Property type

Retail space

APN

3767-284-14-013

APU

376728414013

Description

This exceptional 6,000-square-foot creative office space is ideally located on East Main Street in Montrose's historic downtown. Boasting high visibility from a prime corner location, this single-tenant property offers a spacious open retail area with large picture windows overlooking Main Street, perfect for showcasing products or services. The interior features three bathrooms, a dedicated office space, and recently updated carpeting and paint, creating a modern and inviting atmosphere. Convenient access for deliveries is provided by a 6'W x 7'H receiving door located in the alley. Ample parking is available with 21+ spaces in a private off-street lot. Zoned B-1, this property is suitable for retail stores, business and professional offices, and service establishments. Its location, just one block east of the intersection of Main and Townsend Avenues, places it within easy reach of City Hall, the Montrose Regional Library, the USPS, and the CMU Extension campus. This vibrant area is surrounded by unique shops, antique stores, and local restaurants, offering a thriving commercial environment. The building was constructed in 1980 and is a single-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,252,390

  6.5%

  $1,156,050

  7%

  $1,073,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,269,880

  Geo Method

  $515,549

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,244,130

  Mixed-Use / Specialty

  $1,156,080

  Hospitality / Lodging

  $853,592

  Office

  $1,153,540

  Institutional / Educational

  $1,203,350

  Residential Income

  $1,407,920

  Multifamily

  $1,665,540

  Automotive / Energy

  $1,031,440

  Parking / Income-Based Land

  $351,832

  Restaurant / Food Service

  $610,157

  Healthcare / Senior Housing

  $1,181,280

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.4779

Longitude

-107.878

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].