Imperial Building 238 S Broadway 12,988 SF 77% Leased Retail Building Denver, CO 80209 $2,125,000 ($163.61/SF)

Property Overview:
The Imperial Building is a historic mixed-use retail and office property located along Denver's South Broadway corridor. At $2,125,000, or approximately $164/SF, the property offers an investor or owner-user a low acquisition basis with in-place income and meaningful lease-up potential.
Bardo Coffee House anchors the property and generates consistent daily activity. A diverse mix of office and service users occupies the upper-level suites, while approximately 3,000 SF of improved food-and-beverage space and a separate 400 SF office suite are currently available. The former distillery space includes substantial existing infrastructure that may shorten the path for a restaurant, brewery, tasting room or other retail concept, subject to tenant due diligence and governmental approvals.
The combination of a long-term retail anchor, flexible U-MS-3 zoning, available owner-user space and below- market acquisition basis creates multiple paths to increase income and long-term value.
Location Overview:
The property is located in Denver's Baker neighborhood along one of the city's most recognizable retail and entertainment corridors. South Broadway is home to a dense mix of restaurants, coffee shops, music venues, boutiques and neighborhood businesses, providing strong visibility and access to an established customer base.
The property also stands to benefit from the planned Santa Fe Yards redevelopment near Broadway and I-25. Denver Summit FC announced the completed land acquisition for the 14-acre stadium district in August 2026. The development is expected to open in spring 2028 and is planned to include public gathering areas, local businesses, pedestrian and bicycle connections and year-round activity.