518 28 Road, Grand Junction, CO 81501

$2,135,000
Property Type: Commercial Sale Square Footage: 22,544 Lot Size (sq. ft.): 63,598 Status: Closed
Current Price: $2,135,000 List Date: 1/24/2025 Last Modified: 10/02/2025

Overview

Description

An excellent Opportunity. Two upgraded commercial buildings. One with 11,272 sf consisting of 16 one and two bed-room residential units. One two-story, 11,272 sf consisting of 14 office space units.

Listing Details MLS# 186771

Location Info

Inside City Limits
Yes
Condominiumized
No
Zoning City
Grand Junction
Zoning County
Mesa
Type
Commercial
Major Area
Out of Area
Area
Within Colorado
Asking Price
3600000
Original List Price
3600000
Street #
518
Street Name
28
Street Suffix
Road
City/Town
Grand Junction
State/Province
CO
Postal Code
81501

Keywords Info

Total Building SqFt
20.001+
Association Dues
No

Listing Info

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

General Info

Sub/Loc
Out of Area
County
Mesa
Legal
LOT 1 and LOT 2 - OMEGA BUSINESS PARK SEC 7 1S 1E
Zoning
MU-2
Lot SqFt
63598
Nbr of Acres
1.46
Stories
2
Total SqFt
22544
Unit SqFt
22544
Parcel #
294307325001
Year Built
1982
Year Remodeled
2024
Directions
SEC of Elm Avenue & 28 Road

Financing Info

Metro Tax District
No
Taxes
17811
Tax Year
2024
Transfer Tax
No
N.O.I.
183055
Total Expense P/Year
114383
HOA Dues
0
Total HOA Fee Per Year
0

Status Change Info

Under Contract Date
2025-05-21
Proposed Close Date
2025-11-07
Sold Date
2025-10-01
Sold Price Per/SF
94.7
How Sold
Conventional

More Information

Remarks

Public Remarks
An excellent Opportunity. Two upgraded commercial buildings. One with 11,272 sf consisting of 16 one and two bed-room residential units. One two-story, 11,272 sf consisting of 14 office space units.

Current Use

Other
Office
Multi-Family
Yes

Units

Units
Other

Allowable Uses

Income
Yes
Multi-Family Res
Yes
Office
Yes

Construction

Frame
Yes

Access

Paved
Yes

Electric

Yes
Yes

Condition

Good
Yes

Basement/Substructure

Slab
Yes

Gas

Natural Gas
Yes

Roof

Metal
Yes

Water

Public
Yes

Sanitation

Community
Yes

Water Rights

No
Yes

Extras

Laundry
Yes
Storage
Yes

Heating/Cooling

Central AC
Yes
Forced Air
Yes
Gas
Yes

Location Amenities

Corner Lot
Yes
High Visibility
Yes
Intersection
Yes
View
Yes

Mineral Rights

No
Yes

Documents on File

Financials
Yes
Rent Roll
Yes

Parking

21 + Spaces
Yes
Common
Yes
Parking Lot
Yes
Paved
Yes

Occupant

Tenant Occupied
Yes
Multiple Leases
Yes

Terms Offered

Cash
Yes

Possession

DOD
Yes

Sign

Yes
Yes

Property Features

Allowable Uses: Income; Multi-Family Res; Office Current Use: Multi-Family Construction: Frame Roof: Metal Condition: Good Electric: Yes Gas: Natural Gas Water: Public Sanitation: Community Parking: 21 + Spaces; Common; Parking Lot; Paved Access: Paved Extras: Laundry; Storage Location Amenities: Corner Lot; High Visibility; Intersection; View Occupant: Tenant Occupied; Multiple Leases Documents on File: Financials; Rent Roll Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: Yes Possession: DOD

Documents

IDX
Listing Office: Coldwell Banker Commercial Prime Prop.
Source MLS Verified
Last Updated: October - 02 - 2025
Broker Attribution: (970) 243-7375

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