LC Real Estate Group is pleased to offer this opportunity to purchase a 11,724 SF historic mixed use building in Downtown Greeley known as the historic “J.D. Potter” building. Built in a late 19th and early 20th century American Movements/Commercial Style, the building is located on 9th Street, a highly walkable pedestrian corridor with parkway and brick sidewalks, and connects to many neighboring retailers and employers. Major landmarks and buildings located along 9th Street include Lincoln Park, Weld County Courthourse, and the Greeley Chamber of Commerce. State Highway 34 Busienss Route is one of two main east/west roads connecting Greeley to Northern Colorado and 9th Street is near the one way starting point of this road. Ample public parking is located in the rear of the building and can easily be accessed from the rear entrance of the building.
Business owners have a unique opportunity to own a building with in-place cash flow that can offset overhead and rent expenses from the second floor residential units and any portion of unused commercial space.
The retail and office space offer a diversity of potential uses and could be easily released with minimal capital investment to secure new tenants creating an excellent opportunity to add value through lease up. In-place income from residential units estimated at $62,172 per year including reimbursments, which supports building cash flow and operating expenses during lease up and/or renovations.
Retail & Office Space | 3,908 SF | Main Floor
$14/SF ($5.00/SF NNN)
The 3,908 SF main floor space is currently configured as storefront retail space on 9th Street and office space from the rear entrance and can currently function as two separate suites or could be combined into larger retail suite(s). Retail unit with vintage ceilings add character to this charming building
Office Space & Storage Space | 3,908 SF | Basement
$7/SF ($5.00/SF NNN)
The building has a full 3,908 SF basement that includes a bathroom and partially finished office space with a portion of unfinished storage space. Accessible basement with two points of ingress/egress from the front and rear interior of the building. Finished office space can be leased at market rent with minimal improvements. The basement space is well suited for office, storage, or could be configured for a bar or restaurant type use.
Three Residential Units | 3,908 SF | Second Floor
The second floor totals 3,908 SF and includes three residential units. Unit C is a 1,500 SF 2 Bedroom, 1 Bathroom Unit that was renovated in 2021. Unit C has higher rent potential with the ability to function as a live/work flex space with an independent retail/street entrance off of 9th Street. Unit D is a 680 SF 1 Bedroom, 1 Bathroom Unit that was renovated in 2021 and is currently being leased as a furnished short term rental and can be accessed from the rear entry of the building. Unit E is a 1,356 SF 2 Bedroom, 2 Bathroom Unit that is currently rented as a residential unit and has valuable amenities including volume ceilings and a fireplace.