Price Reduction
Address
1600 Steele Street, Denver, CO
Price
$ 950,000
Property Attributes
- MLS#6845456
- TypeCommercial
- Listing Status Active
- CountyDENVER
- CityDenver
- Zip80206
- Style
- Year Built1905
- Taxes$ 9235
- Price$ 950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.11 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Exceptional opportunity in highly desirable South City Park! A 4,690sf corner lot zoned U-TU-O with UO-3 overlay offers incredible potential for investors, developers, or buyers looking to build equity through renovation. Whether you’re envisioning a thoughtful remodel, expansion, or redevelopment, the flexible zoning opens the door to a variety of possibilities. The Denver Square has been thoughtfully converted into 2 separate units and 4 large one bedroom apartments were added behind. A gigantic 7th unit is in the basement. Numerous charming and elegant Victorian details have been preserved, adding character to the living spaces. Heat is provided by a central boiler, gas & electricity are separately metered, on-site laundry. This property is ideal for an owner-occupant or investor, producing cash flow, tax write-offs and growth.1600 Steele is on a tree-lined street surrounded by established homes, one block to City Park with easy access to Cherry Creek, Colfax Redevelopment, downtown Denver, and major thoroughfares. A rare chance to secure an asset with value-add potential in a great neighborhood!!! Buyer to verify zoning, use, grandfathered status, rents, leases, unit configuration, and future rental options.
| Price History | |
|---|---|
| 8/7/2026 | Listed $1,195,000 |
| 9/24/2026 | 21$950,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Available,Electricity Available,Electricity Connected,Internet Access (Wired),Natural Gas Available,Natural Gas Connected,Sewer Connected |
| Possession | Closing/DOD |
| Zoning | U-TU-B UO-3 |
| Year Built | 1905 |
| Electric | 220 Volts |
| Property Subtype | Commercial Land |
| Tax Year | 2025 |
| Current Use | Multi-Family |
| Gross Income | 111000 |
| County | Denver |
| Operating Expense | 65044 |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| City | Denver |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 4687 |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 9235 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Cap Rate | 4.6 |
Exterior Features
| Lot Features | Corner Lot,Level,Near Public Transit |
|---|---|
| Water Source | Public |
| Lot Size Area | 4687 |
| Lot Size Acres | 0.11 |
| Road Surface Type | Alley Paved,Paved |
| Road Frontage Type | Public |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 80206
Price
Taxes
Year Built
Visits
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