Inactive - Ryan Thompson - Coldwell Banker Distinctive Properties Logo
$590,000
( $244.61Per Sq Foot )
 $3,167 est/mo Sourced by Back At You
Source MLS Verified

248 E 1st Street,Parachute, CO 81635

Parachute, CO 81635

Share:

PreviousNext

Description

If what you want is a place where you can live and work in the same community -- growing, affordable, and full of development potential see this one. Exceptional investment opportunity filled centrally located mixed-use property. Commercial ground level with 2 bedroom, 1 bath residential apartment up above. Lower level offers excellent visibility and accessibility, making it ideal for retail, office, or service-based businesses. Upstairs apartment provides comfortable living accommodations for Owner use or Rental income. Abundance of parking and storage. Don't miss the opportunity to get in now. First Street serves as the central thoroughfare of Parachute, running through the downtown area and hosting local businesses, shops, and community events It is the focus of a significant downtown revitalization project aimed at enhancing pedestrian access, adding bike lanes, creating park and plaza spaces, and improving the overall aesthetic and functionality of the town center (source: parachute.gov) .

Details

MLS #193864
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1908
Days On Site36
Listing Provided ByFreeByrd Real Estate | Jennie A Marcotte

Features

SQ Feet2,412
ZoningSpecial Purpose
Acreage0.12

Taxes

Property2529

Area Information

StateCO
CountyGarfield
CityParachute
Zip Code81635
AreaParachute
Listing VS Median (in 81635)
Price:
$590,000
low | high
Med:
$475,000
69.491525423729% of Average
sqft:
2,412
low | high
Med:
1,556
85.489220563847% of Average
$ / sqft:
$245
low | high
Med:
$305
25.201516273801% of Average
On site:
36
low | high
Med:
144
25% of Average
Sourced by Back At You

Market Activity 81635

Request a showing

Request a showing

Contact

Additional Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Distinctive Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
© Copyright 2026 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.

Contact

Learn More About This Property

Ryan Thompson

Ryan Thompson

Coldwell Banker Distinctive Prop

RRE-RBS-LIC-81435 (406) 600-6530ryanmontanarealty@gmail.com
StateCO
CountyGarfield
CityParachute
Zip Code81635
AreaParachute
Listing VS Median (in 81635)
Price:
$590,000
low | high
Med:
$475,000
69.491525423729% of Average
sqft:
2,412
low | high
Med:
1,556
85.489220563847% of Average
$ / sqft:
$245
low | high
Med:
$305
25.201516273801% of Average
On site:
36
low | high
Med:
144
25% of Average
Sourced by Back At You
Listing Updated: August 15, 2026 at 1:31:42 PM PDT

Inactive - Ryan Thompson - Coldwell Banker Distinctive Properties