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1505 N Lincoln Ave 4,032 SF 100% Leased Retail Building Loveland, CO 80538 $2,040,465 CAD ($506.07 CAD/SF) 5.45% Cap Rate
Executive Summary
Location, location, location!!! Great commercial space in an absolute ideal location. Any retailer or office looking for a commercial space wants a highly visible property in a high traffic area. This property fits the bill! Located just one block north of Eisenhower Blvd off of North Lincoln Ave this intersection has one of the best traffic counts in Northern Colorado, which has helped the Dairy Queen located at the intersection of Eisenhower Blvd and Lincoln Ave become the top selling DQ in the US. The property is divided into 4 separate units, which are all currently leased (plus bonus storage space in the unfinished basement). Continue business as usual or get creative to make this property fit your needs. Front portion of this property was remodeled in 2021 and half of the back portion was remodeled in Nov of 2023. An EV charging station was added in 2023 which adds additional income to this property. New roof was installed in 2019. Ideal location, unmatched visibility, easy access off busy N Lincoln Ave just one block north of Eisenhower Blvd, great parking, building has been beautifully maintained, EV charger included for additional profit/use, Safe to say, you have just found your new commercial space!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,032 SF
Building Class
C
Year Built/Renovated
1968/2023
Price
$2,040,465 CAD
Price Per SF
$506.07 CAD
Cap Rate
5.45%
NOI
$111,205 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.40 AC
Zoning
B Developing Business
Parking
25 Spaces (4.85 Spaces per 1,000 SF Leased)
Frontage
140’ on 15th St
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Drive Thru
- Storage Space
- Car Charging Station
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Aspen Motors
- Retailer
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- Finance and Insurance
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COUNTRY Financial is a privately held insurance and financial services company founded in 1925. Headquartered in Bloomington, Illinois, the company originated from a group of Illinois Agricultural Association members who aimed to provide fire and lightning insurance to farmers. Over the decades, COUNTRY Financial expanded its offerings to include auto, home, life, farm, and commercial insurance, as well as retirement planning and investment management. The company operates in 19 states and serves over one million households and businesses. COUNTRY Financial is not publicly traded and remains privately held.
- Loveland Travel King
- Services
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- Med Pool Professionals Inc
- Public Administration
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- Quality Alterations
- Services
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- -
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- Say Companies, Inc.
- Real Estate
- -
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- Wood Street Builders
- Construction
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Aspen Motors | Retailer | - | - | - | ||
|
|
Finance and Insurance | - | - | - | ||
| Loveland Travel King | Services | - | - | - | ||
| Med Pool Professionals Inc | Public Administration | - | - | - | ||
| Quality Alterations | Services | - | - | - | ||
| Say Companies, Inc. | Real Estate | - | - | - | ||
| Wood Street Builders | Construction | - | - | - |
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 95123-20-002 | Improvements Assessment | $411,002 CAD |
| Land Assessment | $67,891 CAD | Total Assessment | $478,893 CAD |
Property Taxes
Parcel Number
95123-20-002
Land Assessment
$67,891 CAD
Improvements Assessment
$411,002 CAD
Total Assessment
$478,893 CAD
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1505 N Lincoln Ave
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