1601 US Highway 34 Drake, CO ^$ 1,550,000

1601 US Highway 34

^$ 1,550,000

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1601 US Highway 34

Drake, CO, 80515

^$ 1,550,000

Bedrooms-- Baths-- Sq 8,963

Monthly Estimate*

^$ 9,670

Listed by Keller Williams DTC

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Commercial Property for sale in Drake, CO

for $1,550,000. This 8,963 square foot building was built in 1901 on a lot size of 22.61.

22 plus acres - Beautiful Building and 12 RV spaces and also the US Post Office has ground lease. There is currently a bar/restaurant and beer garden in the Lodge along with 9 rooms upstairs, an up/down duplex and a managers apartment on the main floor. The 12 RV spaces are on the river. 11 has full hookups including electric, water and sewer, 1 has electric and water only. Rented out monthly from $900 a month to $1000 a month per space. The bar/restaurant has a full liquor license and the Commercial Kitchen is licensed and has a fire suppression system. All licenses are current and are included in the price. The duplex is a small studio upstairs and a 2 bedroom downstairs. The US Post Office has a ground lease with 2 five year extensions. After the 2013 flood, the river channel was reconstructed with specific intentions for enhanced fish habitat and widened and deepened to help prevent any future flooding.

Commercial Pending

Price

^$ 1,550,000

Property Type

Commercial

Taxes

^$ 22,949

Style

Mountain Contemporary

Lot Size

22.61

Year Built

1901

Town/City

Drake

County/Region

Larimer

MLS | Web ID

5591637

Features

General

Sewer Septic Tank

Utilities Electricity Connected Phone Connected Propane Sewer Connected

Possession Negotiable

Roof Composition

Zoning O

Garage Spaces 0

Architectural Style Mountain Contemporary

Security Features Carbon Monoxide Detector(s) Smoke Detector(s)

Construction Materials Frame Wood Siding

Exclusions Antler Light Fixture in entry it is part of a set Owner will replace with similar.

Year Built 1901

Electric 110V 220 Volts

Stories Count 2

Property Subtype Special Purpose

Tax Year 2024

Current Use Recreational Residential Restaurant

Gross Income 304667

Building Name River Forks Inn

County Larimer

Operating Expense 187497

Property Type Commercial Sale

Attached Garage N

Contingency None Known

Building Features On Site Management

Status Pending

Directions 20 minutes from Estes Park and 20 minutes to Loveland on Highway 34 and minutes to Glen Haven on Highway 43

City Drake

Number Of Units Total 25

Lot Size Units Acres

Lot Size Square Feet 984891.6

Carport Spaces 0

Listing Terms Cash Conventional

Tax Annual Amount 22949

Lease Considered Y/N N

Structure Type Free Standing

Standard Status Active Under Contract

Cap Rate 7.5

Exterior

Water Source Well

Total Parking 32

Lot Size Area 22.61

Building Area Total 8963

Lot Size Acres 22.61

Road Surface Type Gravel

Road Frontage Type Public

Road Responsibility Private Maintained Road

Internal Only

Street Number 1 1601

* Excluded Features

List By

Keller Williams Dtc

Broker

(303) 919-5993

Phone

Affordability Calculator

$11,582

Per Month

Monthly Principal & Interest: $9,670
Monthly Property Taxes: $1,912
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% 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

Trends
Schools

Commerical listings in Drake, CO

Average List Price ^$3,225,000

Percent of Sale Price 108%

About Drake, CO

914 Population

15% Since 2002

^$64,516 Median Income

56.08 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
7/6/2025	$1,550,000		Listed Price

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1601 US Highway 34, Drake, CO, 80515 is a Commercial Property for sale at $1,550,000 with 8,963 sqft and a lot size of 22.61. 1601 US Highway 34 was built in 1901. The property's zip code is 80515 which is in Drake, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is 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.

Data is updated as of 12/7/2025.

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1601 US Highway 34

Commercial Property for sale in Drake, CO

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