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27064406
27064403

900 Main St, Louisville, CO 80027

MV
CO ER 318911
Vanguard Development
Listed by Vanguard Development
$1,195,000
259 days on market
Updated 11 days ago

900 Main St

Details
APN 157508402011
Property Type Office, Retail
Sub Type Storefront
Square Footage 2,536
Net Rentable (SqFt) 2,400
NOI $48,010
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 5.00%
Pro-Forma NOI $62,746
Price per SqFt $471
Class B
Year Built 1955
Acreage 0.090
Zoning C-C – Commercial Community
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No

Office | 2,536 SqFt

Marketing description

Current commitments to 5 year renewal terms at increased rates, provide additional stability and increased returns beginning in October 2026 for this 100% leased retail/office property.

This well maintained Multi Tenant building in the heart of main street downtown Louisville Colorado is situated on 0.09 AC, 3,719 square foot lot. The property has been held by the same investor entity for over 45 years and consists of 2,400 usable square feet divided into four rentable spaces. Each Unit has separate bathroom facilities and individual split HVAC system.

The original structure was built in 1947 and has experienced two expansions that occurred between 1950 and 1980. The structure is built of masonry brick and block construction. Originally the siding was board and batten but has recently been redone in stucco. The hip roof has an asphalt shingle covering with recently upgraded canvas awnings above the doors and windows. Most of the foundation is the slab floor but the building also has a partial basement under one of the units see the History of Capital Improvements below. The condition is Generally Good to Excellent with minimal deferred maintenance.

Zoning for downtown Louisville is C-C – Commercial Community. The purpose of the commercial community district is to provide a restricted range of retail sales and services, including opportunities for a limited variety of comparative shoppers’ goods.

Investment highlights

Price Reduction $65,000

Below Market Rents for a portion of the leased spaces provide near future adjustment opportunities that will yield significant value-add in excess of the 5% cap rate market value.

Listing Contacts

MV
CO ER 318911
Vanguard Development
Listed by Vanguard Development

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$48,010.00
$4,000.83/mo

Valuation Metrics

0
DSCR
4.02%
Cap Rate
4.02%
ROI

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Additional Information

Name
Mikael van Loon
License
ER 318911
Brokerage
Vanguard Development, LLC
Brokerage Phone
3035890086
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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