560 Cherokee Street Denver, CO $ 1,675,000
560 Cherokee Street
$ 1,675,000
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560 Cherokee Street

Denver, CO, 80204
$ 1,675,000
Baths0.0 Sq 2,530

Monthly Estimate*

$ 11,700

Listed by CBRE, Inc.
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Studio

Commercial Property for sale in Denver, CO

for $1,675,000. This 2,530 square foot building was built in 1962 on a lot size of 0.24.

Pleased to present For Sale the opportunity to acquire 560 N. Cherokee Street located in Denver, Colorado. The Property consists of a 2,530 SF freestanding office building with 20+ surface parking spaces (2 covered) and a beautiful outdoor courtyard. This single-story, freestanding office building offers an owner-user with excellent zoning of C-MX-8 (for future redevelopment opportunities). In addition to the wonderful location, which is just 10 minutes from Downtown Denver, the ownership recently upgraded the infrastructure of the Property in 2020 for the investor who plans to lease the property until redevelopment is possible or an Owner-User can occupy immediately and enjoy indoor/outdoor officing in Denver Proper. The office transitions beautifully to an outdoor courtyard that is perfect for hosting events or for a natural workspace. Complete with a central kitchen and three separate bathrooms, any end user will be able to enjoy the Santa Fe Arts District (within blocks of the property) while also enjoying the tranquil courtyard in this amenity-rich area.

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Commercial Active

Price

$ 1,675,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 31,503

Style

Free Standing

Lot Size

0.24

Year Built

1962

Town/City

Denver

County/Region

Denver

MLS | Web ID

7302315

Features
General
Sewer Public Sewer
Zoning C-MX-8
Garage Spaces 2
Year Built 1962
Stories 1
Property SubType Office
Tax Year 2022
Current Use Commercial Office
County Denver
Property Type Commercial Sale
Attached Garage N
Status Active
City Denver
Buyer Agent Compensation 2.5
Total Units 1
Lot Size Square Feet 10454.4
Carport Spaces 0
Street Name Cherokee
Tax Annual Amount 31503
Structure Type Free Standing
Standard Status Active
Occupancy Description Tenant (Single)
Cap Rate 3.63
Buyer Agent Compensation Type %
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Exterior
Total Parking 22
Lot Size Area 0.24
Building Area Total 2530
Lot Size Acres 0.24
Lot Size Units Acres
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Interior
Street Suffix Street
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Internal Only
Street Number 1 560
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* Excluded Features
List By
Cbre, Inc.

Broker

(303) 583-2013

Phone

Affordability Calculator

$14,326
Per Month
82%
18%
0%
Monthly Principal & Interest
$11,700
Monthly Property Taxes
$2,625
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/4/2024$1,675,000 -29.92% Price Down
7/13/2023$2,390,000 Listed Price

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560 Cherokee Street, Denver, CO, 80204 is a Commercial Property for sale at $1,675,000 with 2,530 sqft and a lot size of 0.24. 560 Cherokee Street is a studio with 0.0 baths and was built in 1962. The property's zip code is 80204 which is in Denver, CO