Skip To Content

102 Main Street

Creede, CO 81130
  • $692,000
  • STATUS: Active
  • ON SITE: 601 Days
  • MLS #: 774985
UPDATED: 69 min ago
$692,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $277
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of Steffens And Company Realty, Inc.


Description

This 2500 sq. ft. building is located at 102 North Main St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large operating space. 1. Elk Country Boutique on the corner of the building is a T-shirt Shop. 2. Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. Utilities include electric, pellet stove, Creede water & sewage, and phone. Each business has its own electrical meter and is paid for by that tenant. RECAP RATE: 1. Elk Country Boutique T-shirt Shop has an extremely high recap rate but will need to be kept as a T-shirt shop to obtain maximum income on the building. 2. Creede Olive Oil shop rents for $1300 per month year-round. The estimated total recap rate based on the above description is 15% to 20% annual return on investment. This historic building is located on Main Street in Creede, Colorado, and is a thriving business. Creede is a major vacation destination and sportsmens dream paradise. Creede has all the small-town conveniences with high Rocky Mountain Views in all directions. The History of Creede as an old silver mining town is captivating and riveting. Creede Repertory Theater is a big attraction all summer and thousands of people attend live plays. From rock and mineral hounds to Elk/Deer hunters, fishermen, and sightseers, Creede is an enthralling place.

Monthly Payment Calculator

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Keller Williams Top of the Rockies | Chuck Roberts Selling Systems contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-23T21:56:40.483.
www.coloradoluxe.com/homes/110469154
Print Image

102 Main Street Creede, CO 81130

  • Price: $692,000
  • Status: Active
  • On Site: 601 Days
  • Updated: 69 min ago
  • MLS #: 774985
0
Beds
2
Baths
0
½ Baths
0.5
Acres
2,500
SQFT
$277
$/SQFT
1900
Built
Neighborhood:
Creede
County:
Mineral
Area:
Creede
Property Description
This 2500 sq. ft. building is located at 102 North Main St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large operating space. 1. Elk Country Boutique on the corner of the building is a T-shirt Shop. 2. Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. Utilities include electric, pellet stove, Creede water & sewage, and phone. Each business has its own electrical meter and is paid for by that tenant. RECAP RATE: 1. Elk Country Boutique T-shirt Shop has an extremely high recap rate but will need to be kept as a T-shirt shop to obtain maximum income on the building. 2. Creede Olive Oil shop rents for $1300 per month year-round. The estimated total recap rate based on the above description is 15% to 20% annual return on investment. This historic building is located on Main Street in Creede, Colorado, and is a thriving business. Creede is a major vacation destination and sportsmens dream paradise. Creede has all the small-town conveniences with high Rocky Mountain Views in all directions. The History of Creede as an old silver mining town is captivating and riveting. Creede Repertory Theater is a big attraction all summer and thousands of people attend live plays. From rock and mineral hounds to Elk/Deer hunters, fishermen, and sightseers, Creede is an enthralling place.
Exterior Features

Acreage Range Less Than 1/2 Carport No Lot Dimension 50 Ft Stories 1 Street Description City/Town Water Well No Waterfront YN No

Interior Features

Cooling None Finished Sq Ft 2500 Heating System1 Electric Main Sq Ft 2500 One Quarter Baths 0 Total Offices 0

Property Features

Available Utilities ElectricInternet Books Available No Cam No Covenants Yes Current Use Retail Storefront Desc Of Business Retail Exchange Trade No Fixtures Included No Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use Retail Storefront Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2019 Total Taxes 2654.50 Type Retail Variable Rate No Water Rights No Year Started 2018 Zoning Type Commercial

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Keller Williams Top of the Rockies | Chuck Roberts Selling Systems contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-23T21:56:40.483.
 
https://bt-photos.global.ssl.fastly.net/cren/1280_boomver_4_774985-2.jpg https://bt-photos.global.ssl.fastly.net/cren/1280_boomver_4_774985-2.jpg https://bt-photos.global.ssl.fastly.net/cren/1280_boomver_4_774985-2.jpg
Logo
Keller Williams Top of the Rockies | Chuck Roberts Selling Systems
605 E Main Street
Frisco CO, 80443
Listing courtesy of Steffens And Company Realty, Inc.