For Sale Property MLS# 7040540

1501 W Colorado Avenue

Colorado Springs, CO 80904

$1,525,000

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About 1501 W Colorado Avenue

Exceptional Investment or Owner-User Opportunity

Position your business for success in this beautifully remodeled commercial property located on a highly visible corner lot at a signalized intersection. Renovated in 2024, the building features a new air conditioning system, fully zoned HVAC, and upgraded electrical, offering modern efficiency and reliability throughout.

The versatile main level is ideally suited for retail, professional office, or service-oriented businesses and can accommodate an owner-user or be divided for two separate tenants. Upstairs are two completely remodeled luxury apartments, one with a spacious deck showcasing mountain views, creating an outstanding live/work opportunity or generating additional rental income.

Additional highlights include 12 off-street parking spaces, excellent accessibility, and outstanding exposure with traffic counts of approximately 12,500 to 14,000 vehicles per day (based on the most recent available traffic study). This is a rare opportunity to own a fully updated mixed-use property in a premier, high-visibility location with multiple income possibilities.

Property details

Property

Type
Mix Use
MLS type
Other
Status
Active
Year built
1901
Living area
0 sqft
Lot
0.17
Original price
$1,525,000
MLS #
7040540

Exterior & lot

Features
Parking spaces: 12
Lot
7413205001

Schools

District
Colorado Springs School District 11

Financial

Financial
Pikes Peak REALTOR® Services
Annual tax
$14,745
Tax year
2025
Parcel
7413205001

Location

County
El Paso
Neighborhood
Westside

Ask about this property

Questions on 1501 W Colorado Avenue, Colorado Springs, CO 80904, or want to see it in person?

Listed by Deanne Walker, Trent Properties Group

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.