248 E 1st Street, Parachute, CO 81635 (MLS# 193864)

248 E 1st Street, Parachute, CO 81635

New Listing

$590,000

Property Type: Commercial Sale Square Footage: 2,412 Lot Size (sq. ft.): 9,375 Status: Active

Current Price: $590,000 List Date: 7/18/2026 Last Modified: 7/18/2026

Overview

Description

True Small Town Living: Exceptional investment opportunity featuring a centrally located mixed-use property with commercial space on the ground level and 2 bedroom, 1 bath residential apartment above. The lower level offers excellent visibility and accessibility, making it ideal for retail, office, or service-based businesses. Upstairs apartment provides comfortable living accommodations, creating the perfect live-work setup or an additional source of rental income. Abundance of parking and storage. Don't miss the opportunity to get in now before the projected growth of Parachute on the brink of a transformative journey. First Street serves as the central thoroughfare of Parachute, running through the downtown area and hosting local businesses, shops, and community events It is the focus of a significant downtown revitalization project aimed at enhancing pedestrian access, adding bike lanes, creating park and plaza spaces, and improving the overall aesthetic and functionality ... (Read more)

Listing Details MLS# 193864

Location Info

Inside City Limits: Yes
Condominiumized: No
Zoning City: Special Purpose Comm
Zoning County: Special Purpose Comm
Type: Commercial
Major Area: Parachute
Area: 13-Parachute Proper
Asking Price: 590000
Original List Price: 590000
Street #: 248
Street Direction Pfx: E
Street Name: 1st
Street Suffix: Street
City/Town: Parachute
State/Province: CO
Postal Code: 81635

Keywords Info

Total Building SqFt: 5,001 - 10,001
Association Dues: No

Listing Info

Occupant Type: Owner
SqFt Level: Ground Floor
Seller/Owner is Licensed: No
Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Glenwood Association

General Info

Sub/Loc: None
County: Garfield
Legal: Subdivision: ORIGINAL TWNSTE PARACHUTE Block: 6 Lot: 10 THRU:- Lot: 12
Zoning: Special Purpose
Lot SqFt: 9375
Nbr of Acres: 0.12
Total SqFt: 2412
Unit SqFt: 2412
Parcel #: 240912113007
Year Built: 1908
Year Remodeled: 2023
Directions: Parachute exit left on to 1st Avenue (US 6) - follow to listing on the right. Corner of US 6 and N. Railroad Avenue

Financing Info

Metro Tax District: No
Taxes: 2529
Tax Year: 2025
Transfer Tax: No
Total HOA Fee Per Year: 0

Status Change Info

Sold Price Per/SF: 0

More Information

Remarks

Public Remarks: True Small Town Living: Exceptional investment opportunity featuring a centrally located mixed-use property with commercial space on the ground level and 2 bedroom, 1 bath residential apartment above. The lower level offers excellent visibility and accessibility, making it ideal for retail, office, or service-based businesses. Upstairs apartment provides comfortable living accommodations, creating the perfect live-work setup or an additional source of rental income. Abundance of parking and storage. Don't miss the opportunity to get in now before the projected growth of Parachute on the brink of a transformative journey. First Street serves as the central thoroughfare of Parachute, running through the downtown area and hosting local businesses, shops, and community events It is the focus of a significant downtown revitalization project aimed at enhancing pedestrian access, adding bike lanes, creating park and plaza spaces, and improving the overall aesthetic and functionality of the town center (source: parachute.gov) .

Current Use

Other: Commercial & Residential

Units

Units: 2

Terms Offered

Other: New Loan
Cash: Yes

Allowable Uses

Mixed Use: Yes
Office: Yes
Retail: Yes
Single Family Res: Yes
Other: Yes

Construction

Frame: Yes

Access

Paved: Yes
Private: Yes

Electric

Electricity Available: Yes

Condition

Average: Yes

Basement/Substructure

Slab: Yes

Gas

Natural Gas Available: Yes

Roof

Composition Shingles: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Employee Quarters: Yes
High Speed Available: Yes
Kitchen Area: Yes
Laundry: Yes
Living Quarters: Yes
Restrooms: Yes
Storage: Yes
ADA Compliant: Yes

Heating/Cooling

Forced Air: Yes
Gas: Yes

Location Amenities

Corner Lot: Yes
High Traffic Loc: Yes
High Visibility: Yes
Intersection: Yes

Mineral Rights

No: Yes

Parking

6 - 10 Spaces: Yes

Possession

DOD: Yes

Sign

Yes: Yes

Property Features

Allowable Uses: Mixed Use; Office; Retail; Single Family Res; Other Construction: Frame Roof: Composition Shingles Condition: Average Electric: Electricity Available Gas: Natural Gas Available Water: Public Sanitation: Sewer Parking: 6 - 10 Spaces Access: Paved; Private Extras: ADA Compliant; Employee Quarters; High Speed Available; Kitchen Area; Laundry; Living Quarters; Restrooms; Storage Location Amenities: Corner Lot; High Traffic Loc; High Visibility; Intersection Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: Yes Possession: DOD

Listing Office: FreeByrd Real Estate

Last Updated: July - 18 - 2026

Broker Attribution: (970) 984-9384

Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.