1532 W Colorado Avenue

Colorado Springs, CO 80904

Position your business along West Colorado Ave with this mixed-use property at the corner of Colorado Ave and 16th St in Old Colorado City. The location offers excellent exposure to traffic along this main corridor, includes a large, illuminated monument sign and existing drive-thru lanes. Excellent exposure along West Colorado Avenue, with approximately 11,420 vehicles per day on the nearby segment southeast of 17th Street (2025 AADT; CDOT/PPACG). The main level features approximately 2,050 sq ft of commercial retail space—a blank canvas ready to be tailored to your business vision. The vacant commercial area offers flexibility for a variety of potential uses- zoned MX-M. Head upstairs to the remodeled 1,453-sq-ft apartment featuring two bedrooms, a separate office, two bathrooms, HUGE closets, and washer/dryer hookups. The combination of commercial space and a spacious residential apartment offers options for an investor or a business owner seeking additional rental income. With a prominent corner location, flexible commercial space, and an updated apartment, this property offers a compelling opportunity in Old Colorado City. Come check it out! *Property was historically operated as a dry-cleaning facility. Available environmental records include a 1991 underground-storage-tank removal/site assessment and a November 29, 1995 Colorado state letter approving the tank-related remedial action and requiring no further investigation or remediation at that time. The letter addresses the historical underground tanks and does not establish current property-wide environmental clearance. No current Phase I Environmental Site Assessment is available. Historical reports are attached; additional historical records are available upon request. Buyers should review the documents with their environmental consultant and lender to determine any additional assessment requirements.

Listing courtesy of Pink Realty Inc:



The real estate listing information and related content displayed on this site is provided exclusively 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. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS. Copyright 2026
Last checked: 2026-11-11 03:06 PM UTC