2139 12Th StGrand Junction, CO 81501

Property Details for 2139 12Th St

Year built

2001

Construction

STEEL FRAME

Lot size

0.13 AC

Property size (Sq ft)

1,407 SF

Zone code

R-0

Property type

Commercial real estate

APN

2945-111-33-007

APU

294511133007

Description

This exceptional 1,475-square-foot commercial condo, located at 2139 North 12th Street in Grand Junction, Colorado, presents a fantastic opportunity for a variety of businesses. Built in 2001, this single-story property sits on a 0.24-acre lot and is zoned MU-1. The asking price is $300,000, translating to $203.39 per square foot. The interior boasts six private offices, a welcoming reception area, and a versatile storeroom/breakroom combination, providing ample space for staff and operations. Abundant parking is available for employees and clients. Its prime location within the 12th Street Plaza offers excellent visibility and accessibility, with close proximity to St. Mary's Hospital and Colorado Mesa University (CMU), ensuring high foot traffic and convenient access for both staff and customers. The property is currently vacant and readily available for immediate occupancy. The lease expires August 8, 2025. The property's Assessed Property Number (APN) is 2945-111-33-005. This versatile space is ideal for retail, office, or medical uses.

• CAP approach

  CAP return

  Valuation

  6%

  $293,048

  6.5%

  $270,506

  7%

  $251,184

• Comparable approach

  Method

  Valuation

  Relative Method

  $286,332

  Geo Method

  $116,246

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $526,247

  Retail / Commercial

  $271,094

  Mixed-Use / Specialty

  $271,102

  Hospitality / Lodging

  $200,167

  Office

  $270,506

  Institutional / Educational

  $282,185

  Residential Income

  $330,156

  Multifamily

  $390,569

  Automotive / Energy

  $241,873

  Parking / Income-Based Land

  $82,504.50

  Restaurant / Food Service

  $143,082

  Healthcare / Senior Housing

  $277,010

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0878

Longitude

-108.553

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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