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The Grand Central Building 1601 17th St 35,045 SF 100% Leased Office Building Denver, CO 80202 $14,800,000 ($422.31/SF) 6.69% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Modern two-tenant buildings with excellent visibility and signage opportunities in a prime Downtown Denver location near transit.
  • Surrounded by thriving retail, dining, and business amenities, seamlessly blending work and life balance in a growing area.
  • Situated at a signalized intersection with high pedestrian and vehicular traffic flow for tenants that require increased exposure.
  • Located only a half-block away from Denver Union Station, with bus line access for unmatched regional connectivity.

EXECUTIVE SUMMARY

Positioned in the heart of Downtown Denver, 1601 17th Street offers an exceptional opportunity for investors seeking a premier two-tenant location in one of the city’s most dynamic corridors. While situated within the historic district, the building itself has a modern charm, providing flexibility for a wide range of uses without the constraints of historic designation. This property benefits from high traffic counts exposed to over 9,000 vehicles per day with strong visibility, making it ideal for businesses that value exposure and accessibility.

Strategically located just a half-block from Denver Union Station, a major transit hub, the site ensures seamless connectivity to the entire metro area, attracting both local and regional visitors. The surrounding neighborhood is a hub of activity, featuring upscale dining, retail, and corporate offices that drive consistent foot traffic throughout the day. Its strategic location places it within walking distance of Union Station, LoDo’s entertainment venues, and numerous residential developments, creating a built-in customer base and workforce population.

Suitable for a wide variety of uses ranging from retail, office, or mixed-use concepts, this property delivers a rare combination of convenience, visibility, and growth potential in one of Denver’s most sought-after districts. Investors will appreciate the area's strong fundamentals, including robust demographics, ongoing development, and proximity to major transportation arteries.

MATTERPORT 3D TOURS

Explore 1601 17th Street

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ATTACHMENTS

Open Design
Spacious Layout
Suitable for Various Tennats Needs
Ample Storage Space

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
35,045 SF
Building Class
B
Year Built/Renovated
1894/1982
Price
$14,800,000
Price Per SF
$422.31
Cap Rate
6.69%
NOI
$990,120
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,682 SF
Building FAR
2.51
Lot Size
0.32 AC
Zoning
B-7 - Mixed use commercial

AMENITIES

  • Food Service
  • Signage
  • Kitchen
  • Central Heating
  • Outdoor Seating
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Information
  • 32,797 SF
  • -
  • Triple Net
  • -

DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming SLING TV services. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation's first virtualized, O-RAN 5G broadband network. DISH Network Corporation (NASDAQ: DISH) is a Fortune 200 company.

  • quetzalcoatl financial llc
  • Accommodation and Food Services
  • 2,248 SF
  • $29.00
  • Triple Net
  • Oct 2034
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Information 32,797 SF - Triple Net -
quetzalcoatl financial llc Accommodation and Food Services 2,248 SF $29.00 Triple Net Oct 2034
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (88)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
39,554
226,635
457,350
2024 Population
44,515
235,428
460,120
Population Growth '20-'24
12.5%
3.9%
0.6%
2020 Households
23,769
119,639
215,480
2024 Households
26,960
124,271
217,462
Household Growth '20-'24
13.4%
3.9%
0.9%
Average Age
37
37
38
Median Household Income
$94,687
$85,194
$83,519
Daytime Employees
102,763
234,857
378,672
Total Businesses
7,740
23,239
39,997
College Degree + Higher
63%
58%
51%

NEARBY AMENITIES

RESTAURANTS

The Cruise Room American $$$ 1 min walk
Jax Fish House & Oyster Bar Seafood $$$$ 1 min walk
Urban Farmer Steak $$$$ 1 min walk
Ravenna Golf & Country Club - - 2 min walk
Mercantile Dining & Provision Mexican $$$$ 3 min walk
Milkbox Ice Creamery Ice Cream $ 3 min walk
Stoic & Genuine Seafood $$$$ 2 min walk
Kitchen Next Door Contemporary $$$$ 3 min walk
Venice Ristorante & Winebar-Downtown Denver Italian $$$ 2 min walk
Kachina Cantina American $$$$ 4 min walk

RETAIL

7-Eleven Inc. Convenience Market 3 min walk
Whole Foods Market Supermarket 5 min walk
PostNet Business/Copy/Postal Services 5 min walk
Bank of America Bank 5 min walk
FedEx Office Business/Copy/Postal Services 6 min walk
Whole Foods Supermarket 7 min walk
Bright Horizons Daycare 8 min walk
The UPS Store Business/Copy/Postal Services 8 min walk
Planet Fitness Fitness 12 min walk
Walgreens Drug Store 12 min walk

HOTELS

Westin
432 rooms
1 min drive
Renaissance
230 rooms
2 min drive
Hyatt Regency
1,100 rooms
4 min drive
Vib
140 rooms
6 min drive
Cambria Hotels
153 rooms
6 min drive
Radisson by Choice
220 rooms
11 min drive
Autograph Collection
201 rooms
12 min drive
DoubleTree by Hilton
270 rooms
14 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2331-05-005
Land Assessment
$1,410,150
Improvements Assessment
$1,733,960
Total Assessment
$3,144,110

SALE ADVISOR

SALE ADVISOR

Rex Renfrew LLC
Contact
Rex Renfrew, Owner
Former CPM and CCIM with 40 years experience in Office, Retail, Residential, and Mixed Use
  • Listing ID: 36909763

  • Date on Market: 7/24/2025

  • Last Updated:

  • Address: 1601 17th St, Denver, CO 80202

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