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1501 W Colorado Ave 5,472 SF 100% Leased Retail Building Colorado Springs, CO 80904 $2,166,567 CAD ($395.94 CAD/SF)
Executive Summary
Exceptional Investment or Owner-User Opportunity
Position your business for success in this beautifully remodeled commercial property located on a highly visible corner lot at a signalized intersection. Renovated in 2024, the building features a new air conditioning system, fully zoned HVAC, and upgraded electrical, offering modern efficiency and reliability throughout.
The versatile main level is ideally suited for retail, professional office, or service-oriented businesses and can accommodate an owner-user or be divided for two separate tenants.
Upstairs are two completely remodeled luxury apartments, one with a spacious deck showcasing mountain views, creating an outstanding live/work opportunity or generating additional rental income.
Additional highlights include 12 off-street parking spaces, excellent accessibility, and outstanding exposure with traffic counts of approximately 12,500 to 14,000 vehicles per day (based on the most recent available traffic study). This is a rare opportunity to own a fully updated mixed-use property in a premier, high-visibility location with multiple income possibilities.
Position your business for success in this beautifully remodeled commercial property located on a highly visible corner lot at a signalized intersection. Renovated in 2024, the building features a new air conditioning system, fully zoned HVAC, and upgraded electrical, offering modern efficiency and reliability throughout.
The versatile main level is ideally suited for retail, professional office, or service-oriented businesses and can accommodate an owner-user or be divided for two separate tenants.
Upstairs are two completely remodeled luxury apartments, one with a spacious deck showcasing mountain views, creating an outstanding live/work opportunity or generating additional rental income.
Additional highlights include 12 off-street parking spaces, excellent accessibility, and outstanding exposure with traffic counts of approximately 12,500 to 14,000 vehicles per day (based on the most recent available traffic study). This is a rare opportunity to own a fully updated mixed-use property in a premier, high-visibility location with multiple income possibilities.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,472 SF
Building Class
C
Year Built/Renovated
1901/2024
Price
$2,166,567 CAD
Price Per SF
$395.94 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.17 AC
Zoning
MX-M
Parking
12 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 74132-05-001 | Total Assessment | $375,335 CAD (2026) |
| Land Assessment | $0 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
74132-05-001
Land Assessment
$0 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$375,335 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1501 W Colorado Ave
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