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29299213
29299212

2805 Colorado Blvd, Idaho Springs, CO 80452 For Sale

CT
MD 99816
Tyler Duncan Realty Partners
Listed by Tyler Duncan Realty Partners
$1,100,000
179 days on market
Updated 79 days ago
Opportunity zone

Marions

Details
Property Type Business for Sale, Mixed Use (+2)
Sub Type Restaurant
Square Footage 5,154
Net Rentable (SqFt) 5,000
Units 1
Cap Rate 8.3%
NOI $91,324
Pro-Forma Cap Rate 10.91%
Pro-Forma NOI $120,000
Price per SqFt $213
Broker Co-Op Yes
Class C
Year Built 1950
Year Renovated 1990
Buildings 1
Stories 2
Lot Size (SqFt) 7,004
Zoning Commercial
Investment Type Owner/User
Ground Lease No
Ceiling Height 12
Ownership Fee Simple

Business for Sale | 8.30% CAP | 5,154 SqFt

Marketing description

Situated along Idaho Springs’ main commercial corridor, 2805 Colorado Boulevard offers a rare opportunity to acquire the successful and beloved Marion’s of the Rockies, including both the turn-key restaurant and real estate. Long recognized by locals and visitors alike, Marion’s has served as a community gathering place for generations and remains a popular stop for travelers along the I-70 mountain corridor. The business offers meaningful upside potential, including the opportunity to add a liquor license, expand operating hours, or enhance offerings. The building itself also lends well to an owner-user or alternative commercial use, providing flexibility in a highly desirable location.

The property benefits from exceptional in-town visibility and exposure, capturing year-round residents and a steady flow of tourists visiting Idaho Springs for dining, recreation, and history, as well as travelers en route to nearby ski resorts. Directly across the street, the ongoing redevelopment of the historic Argo Mill & Tunnel site further strengthens long-term investment appeal. The project includes expanded tourism amenities and a gondola system connecting to regional bike trails, expected to significantly increase foot traffic, visitor counts, and demand for nearby dining and commercial destinations.

As the Argo redevelopment nears completion, projections point to sustained tourism growth and longer visitor stays, positioning properties along Colorado Boulevard to benefit directly from this momentum. With Marion’s of the Rockies already established as a trusted local favorite and recognizable brand, the property is well positioned to capture both loyal community support and future visitor-driven demand.

Whether continuing restaurant operations, rebranding, or repositioning for another commercial use, 2805 Colorado Boulevard represents a compelling investment opportunity in a market with limited commercial inventory, strong regional growth, and deep community roots.

Listing Contacts

CT
MD 99816
Tyler Duncan Realty Partners
Listed by Tyler Duncan Realty Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$91,324.00
$7,610.33/mo

Valuation Metrics

0
DSCR
8.3%
Cap Rate
8.3%
ROI

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