CO > Gunnison
Gunnison, CO 81230,404 N Main Street
Gunnison, CO 81230,404 N Main Street
Gunnison, CO 81230,404 N Main Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
1
Dec
Tue
2
Dec
Wed
3
Dec
Michelle Brown, CNE, SRS, SFR, RENE

Michelle Brown, CNE, SRS, SFR, RENE

+1(970) 759-6958
$599,000
Est. payment /mo
2 Beds
2 Baths
1,080 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Stick Built

Listing Status Active

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $554

MLS Listing ID 830163

Style Other

Bedrooms 2

Year Built 1958

Tax Year 2024

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Stick Built

Property Description

Downtown Gunnison | 4 Contiguous City Lots | 2 Units (1BD/1BA Each) | B-1 Zoning | Opportunity Zone. A rare chance to secure a premium Main Street location with a well-maintained two-unit property, each 1 bedroom and 1 bathroom, situated across four contiguous city lots—offering both immediate income potential and exceptional long-term upside. Enjoy central Gunnison living within walking distance to shops, cafes, Western Colorado University, and the Whitewater Park, or leverage the site's significant development flexibility. Zoned B-1 (Professional Business), the property supports a wide range of uses—from mixed-use residential to professional office to boutique lodging. The site previously received Conditional Use approvals from both the City of Gunnison and CDOT for a boutique hotel concept. These approvals have expired but provide valuable precedent and a strong foundation for future entitlement work. Located within the federally designated Gunnison Opportunity Zone, the parcel qualifies for capital gains tax incentives, adding meaningful value for long-term investors and developers. With the Gunnison Valley facing a projected housing shortfall of more than 1,000 units by 2029, demand for residential and lodging inventory remains high. Whether you plan to live, rent, hold, or redevelop, 404 N Main Street offers unmatched Main Street potential in the heart of Gunnison.

Location

State CO

County Gunnison

Area Gunnison City

Zoning Commercial,Mixed-Use,Residential Single Family

Interior

Interior Features Other

Heating Boiler

Flooring Hardwood, Tile

Inclusions Dryer, Range Top, Range/Oven, Refrigerator, Washer

Furnishings Unfurnished

Exterior

Exterior Feature Patio

Utilities Available Electric, Internet

Roof Type Metal

Building

Story Two Story

Sewer Public Sewer

Water City Water

New Construction No

Schools

Elementary Schools Gunnison 1-5

Middle Schools Gunnison 6-8

High Schools Gunnison 9-12

Read Less Info
Colorado Real Estate Network (CREN) + Sold
Listed by LIV Sotheby's International Realty - CB

Go tour this home

404 N Main Street

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Michelle Brown, CNE, SRS, SFR, RENE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.