Commercial > Retail
Active
06/05/2025
List Price
$725,000
518 Colorado Ave
Grand Junction, CO 81501
- -Bed
- 1.75Baths
- 3,000ft²Living Area
- -Lot Size
- -Pool
- -Car
- 1910Year Built
- 41DOM
- 8Permits
518 Colorado Ave, Grand Junction, CO 81501 is a 1.75 bath, 3,000 ft² commercial retail property property built in 1910 with 8 construction permits. This commercial retail property is currently on the market for $725,000, and it was last sold in 2021.
MLS Description
The listing agent's description. Original Listing
Rare Opportunity in the Heart of Downtown Grand Junction! Don't miss this unique 3,000 sq. ft. commercial space located in a prime, high-traffic area on Colorado Avenue—just off the corner of 5th and Colorado. Featuring a versatile open floor plan, this space is a blank canvas ideal for a wide range of uses, including retail, office, or restaurant concepts. A striking exposed brick wall adds character and charm, while an overhead door off the alley provides convenient access for deliveries. Previously used as a retail space, this property is ready to adapt to your vision. The area is bustling and rapidly growing, making this an excellent opportunity to plant roots in one of Grand Junction's most dynamic locations. Highlights: 3,000 sq. ft. of open interior space Exposed brick wall for added aesthetic appeal Overhead alley-access door for deliveries Prime visibility and foot traffic Incredible potential in a thriving downtown corridor Bring your ideas and unlock the potential of this standout space!
Listing Agents
The listing agent for 518 Colorado Ave is THERESA ENGLBRECHT.
TE
THERESA ENGLBRECHT
VENTURE GROUP
Phone: (970) 778-0796
Permits
518 Colorado Ave has 8 permit records.
Permit History
8
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$6,606.23From latest Total Assessed Value8.08%Total Assessed Value$81,740=Land+
Assessed Value$15,690Additions
Assessed Value$66,050
In 2024, taxes billed for 518 Colorado Ave were $6,606.23, which is 8.08% from latest Total Assessed Value of $81,740.
Property History
518 Colorado Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 518 Colorado Ave
Hazard Risks
Carb Mono136Nat'l Avg100Air Pollution100Particulates99Earthquake96Ozone96Lead40Hail6Wind2Hurricane0Tornado0Weather0
9 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Air Pollution Index, Ozone Index, Wind Index, Lead Index, Particulate Matter, National Average) are above the national average around 518 Colorado Ave.
Walkability Index
16 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
518 Colorado Ave has a walkability score of 16 out of 20, which means that it is in a very walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
19°F
High
42°F
Summer
Average
Low
58°F
High
91°F
In the winter at 518 Colorado Ave, temperatures range from 18.79°F to 41.78°F with an average of 30.29°F. In the summer, the temperature ranges from 58.44°F to 90.82°F with and average of 74.63°F.
School Information
Public/private schools serving 518 Colorado Ave
Public Schools
Chipeta Elementary School
Grades: PK-5
0.57 mi
B+
East Middle School
Grades: 6-8
0.60 mi
B-
Grand Junction High School
Grades: 9-12
0.94 mi
C+
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 518 Colorado Ave have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in 81501.
Seasonal Housing units 81501
23%of housing is for seasonal rent.
Daytime Population for 81501
+43%of people during work hours.
Crime Index for 81501
146
146
The crime index in 81501 is 146, which is 1.5 times higher than national average.
Market Trends
Historical market data near 518 Colorado Ave over selected time period.
Nearby Properties on Colorado Ave
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- 855 Colorado Ave, Grand Junction, CO 81501 is a 1,004 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1909 and has an estimate of $320,464 with a price per ft² of $319.
- 864 Colorado Ave, Grand Junction, CO 81501 is a 1,128 square foot, 2 bedroom, 2 bathroom, 0.14 acre property. It was built in 1940 and has an estimate of $320,659 with a price per ft² of $284.
- 1358 Colorado Ave, Grand Junction, CO 81501 is a 2,347 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1900 and has an estimate of $425,836 with a price per ft² of $181.
- 3074 Colorado Ave, Grand Junction, CO 81504 (Meadowvale) is a 1,200 square foot, 3 bedroom, 1 bathroom, 0.13 acre property. It was built in 1983 and has an estimate of $262,437 with a price per ft² of $219.
- 1240 Colorado Ave, Grand Junction, CO 81501 is a 724 square foot, 2 bedroom, 1 bathroom, 0.14 acre property. It was built in 1920 and has an estimate of $291,931 with a price per ft² of $403.
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- 359 Colorado Ave #Unit 206, Grand Junction, CO 81501 is a 580 square foot, 1 bedroom, 1 bathroom, 0.01 acre property. It was built in 1890 and has an estimate of $213,188 with a price per ft² of $368.
- 359 Colorado Ave #Unit 302, Grand Junction, CO 81501 is a 898 square foot, 1 bedroom, 1 bathroom, 0.01 acre property. It was built in 1990 and has an estimate of $293,622 with a price per ft² of $327.
- 1361 Colorado Ave, Grand Junction, CO 81501 is a 1,149 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1947 and has an estimate of $445,264 with a price per ft² of $388.
- 640 W Colorado Ave, Grand Junction, CO 81501 is a 1,020 square foot, 2 bedroom, 1 bathroom, 0.08 acre property.
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- 1002 Colorado Ave, Grand Junction, CO 81501 is a 1,366 square foot, 2 bedroom, 1 bathroom, 0.14 acre property. It was built in 1915 and has an estimate of $403,914 with a price per ft² of $296.
- 815 Colorado Ave, Grand Junction, CO 81501 is a 1,014 square foot, 3 bedroom, 1 bathroom, 0.11 acre property. It was built in 1929 and has an estimate of $279,897 with a price per ft² of $276.
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