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535 N 7th St 5,502 SF 100% Leased Retail Building Grand Junction, CO 81501 $1,500,000 ($272.63/SF)
INVESTMENT HIGHLIGHTS
- Rich with history, this architecturally significant building
- An elevator for seamless access to the lower level
EXECUTIVE SUMMARY
?? A Historic Masterpiece Reimagined for the Arts
This is far from your average property. Rich with history, this architecturally significant building has been meticulously remodeled and designed by the owner to specifically house and inspire the world's most renowned artists.
The Main Level: Step through the original wooden double doors into a grand space featuring a custom-built reception desk and generous waiting area. The expansive main studio is bathed in light from the original wood-surround stained-glass windows, showcasing the building's original ceilings, custom chandeliers, and balconies. It is equipped with two generously sized, custom-built sinks, ready to support creative work. Additional main floor features include:
• A private laser room with a built-in sink.
• An elevator for seamless access to the lower level.
• A private artist's bathroom with potential for expansion.
The Second Floor: Two separate, original, detailed wood staircases ascend to the second-floor balcony. This space retains the original wood flooring and is currently set up as a luxurious lounge with custom-built seating, allowing guests to overlook the main floor studio below.
The Lower Level: The same staircases lead to the spacious lower level, a highly functional area featuring custom sealed concrete flooring and multiple designer built-in sinks. This level is complete with:
• Two fully remodeled bathrooms and a break room.
• Plentiful storage and several private entrances.
• A mechanical room with floor drains.
• Future-Ready: Plumbing stub-outs are already in place, offering the flexibility to install additional sinks.
Structural and Modern Upgrades: No detail was overlooked in updating this historical property. Custom pillars were rebuilt not only for aesthetic appeal but for enhanced structural function. Extensive updates include: flooring, cabinetry, lighting, paint, upgraded sewer systems, remodeled bathrooms, new HVAC, updated electric, engineered upgraded structural supports, and clean-outs.
This is far from your average property. Rich with history, this architecturally significant building has been meticulously remodeled and designed by the owner to specifically house and inspire the world's most renowned artists.
The Main Level: Step through the original wooden double doors into a grand space featuring a custom-built reception desk and generous waiting area. The expansive main studio is bathed in light from the original wood-surround stained-glass windows, showcasing the building's original ceilings, custom chandeliers, and balconies. It is equipped with two generously sized, custom-built sinks, ready to support creative work. Additional main floor features include:
• A private laser room with a built-in sink.
• An elevator for seamless access to the lower level.
• A private artist's bathroom with potential for expansion.
The Second Floor: Two separate, original, detailed wood staircases ascend to the second-floor balcony. This space retains the original wood flooring and is currently set up as a luxurious lounge with custom-built seating, allowing guests to overlook the main floor studio below.
The Lower Level: The same staircases lead to the spacious lower level, a highly functional area featuring custom sealed concrete flooring and multiple designer built-in sinks. This level is complete with:
• Two fully remodeled bathrooms and a break room.
• Plentiful storage and several private entrances.
• A mechanical room with floor drains.
• Future-Ready: Plumbing stub-outs are already in place, offering the flexibility to install additional sinks.
Structural and Modern Upgrades: No detail was overlooked in updating this historical property. Custom pillars were rebuilt not only for aesthetic appeal but for enhanced structural function. Extensive updates include: flooring, cabinetry, lighting, paint, upgraded sewer systems, remodeled bathrooms, new HVAC, updated electric, engineered upgraded structural supports, and clean-outs.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,502 SF
Building Class
B
Year Built
2020
Price
$1,500,000
Price Per SF
$272.63
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.36 AC
Zoning
PD - Planned development
Parking
26 Spaces (4.73 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Monument Signage
- Air Conditioning
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (98)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2945-141-36-005 | Improvements Assessment | $125,020 |
| Land Assessment | $55,330 | Total Assessment | $180,350 |
PROPERTY TAXES
Parcel Number
2945-141-36-005
Land Assessment
$55,330
Improvements Assessment
$125,020
Total Assessment
$180,350
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535 N 7th St
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