111 N 22nd Court

Grand Junction, CO
$ 625,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

Great commercial investment opportunity with existing cash flow and great upside to receive a 11%-12% Cap Rate return. Property located on a corner lot with visibility off of I-70 B, and is divided into four (4) separate units (1,562 SF each) for a total of 6,250 SF with four (4) OH doors. Currently there is one tenant occupying 3 units, and one tenant occupying 1 unit, which currently operates at 6.6% Cap Rate. Rents are below market, and if brought up to fair market rate, property is expected to pro-forma at a 12.44%

Commercial

  • Price
  • $ 625,000
  • Lot Size
  • 11,500 SqFt
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Grand Junction
  • Taxes
  • 5027
  • County
  • MESA
  • Style
  • Commercial
  • Area
  • Grand Junction City
  • MLS#
  • 20205520
  • Zip
  • 81501
Listing Provided by: BRAY/COMMERCIAL

Features

General

MLS Area Grand Junction City
Possible Use Office, Retail, Service, Warehouse
Property SubType Commercial
Property Type Commercial Sale
Zoning Description C-2

Exterior Features

Lot Dimensions 100 x 115
Lot Features Other, See Remarks
Lot Size Source Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Grand Junction, CO office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/3/2020 Listed $625,000

Property vs Zip Code Average in 81501

Price
AVG $950K
$630K
Taxes
AVG $10,410
$5,027
Visits
AVG 27
12
Walkscore
AVG 60
31
Data Provided by Walkscore ® not using MLS data

Map

111 N 22nd Court Grand Junction, CO is a Single Family Home for sale at $625000 and a lot size of 11,500 SqFt Acre(s). 111 N 22nd Court Grand Junction has 0 bedrooms, 0 baths . The property's zip code is 81501 which is in Grand Junction, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.