1162 Ute AveGrand Junction, CO 81501

Property Details for 1162 Ute Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

1,296 SF

Zone code

C-1

Property type

Auto shops

APN

2945-144-25-003

APU

294514425003

Description

This exceptional 1,296 square foot commercial property, located at 1162 Ute Avenue in Grand Junction, Colorado, presents a unique investment opportunity. The building, constructed in 1958 and renovated in 1990, features a blend of office and warehouse space, ideal for a variety of businesses. The 296 square foot office area includes a reception area and showroom with a glass storefront, providing excellent visibility. The 1,000 square foot warehouse boasts two dock-high doors and washer/dryer hookups. Situated on a 0.43-acre lot, this property offers ample parking (25 spaces) and a fenced yard providing additional storage. The property benefits from a high-traffic corner location with a lighted pole sign, ensuring excellent visibility. Zoned MU-2, this property offers significant development potential. The asking price is $425,000, and the property is offered with a NNN lease type. Key features include a signalized corner lot with 100-150 feet of frontage, three-phase power, and a prime location in downtown Grand Junction (zip code 81501). The property's APN is 2945-144-25-003. This is a single-story building with one unit.

• CAP approach

  CAP return

  Valuation

  6%

  $270,516

  6.5%

  $249,707

  7%

  $231,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $274,293

  Geo Method

  $111,359

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $484,731

  Mixed-Use / Specialty

  $249,714

  Hospitality / Lodging

  $184,376

  Office

  $249,166

  Institutional / Educational

  $259,923

  Residential Income

  $304,110

  Multifamily

  $359,757

  Automotive / Energy

  $222,791

  Parking / Income-Based Land

  $75,995.60

  Restaurant / Food Service

  $131,794

  Healthcare / Senior Housing

  $255,157

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0656

Longitude

-108.553

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN 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].