Address
520 & 536 N Cherokee Street, Denver, CO
Price
$ 2,300,000
Property Attributes
- MLS#4442914
- TypeCommercial
- Listing Status Active
- CountyDENVER
- CityDenver
- Zip80204
- StyleFree Standing
- Year Built1963
- Taxes$ 43304
- Price$ 2,300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8105
- Lot Size0.32 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Rare Central Denver retail + infill opportunity consisting of two contiguous C-MX-8 zoned parcels totaling approx. 14,062 SF, located directly adjacent to the Denver Health main campus and within the influence area of the future Burnham Yard redevelopment and proposed Denver Broncos Stadium District Providing stable retail income with immediate potential to enhance value through rent repositioning, tenant optimization, and strategic asset improvements. At the same time, the C-MX-8 zoning delivers meaningful long-term redevelopment power, allowing up to 8-story mixed-use development, multifamily, medical office, hospitality, or institutional-support uses. Perfect for 55/60+ Active Community because of proximity to the Denver Health/New Broncos Stadium and a WalkScore of 93. Denver Health’s recent acquisition of multiple neighboring Bannock Street parcels (approx. $5.5M) reinforces institutional confidence and sustained growth momentum. Hilton has approved a 96-room LivSmart Extended Stay concept, previously submitted to the City of Denver (Concept Log #2024-CONCEPT-0000128). With core urban positioning, institutional growth adjacency, zoning strength, income in place, and transformational regional development nearby, 520 & 536 Cherokee Street present one of Denver’s most compelling land + income platform opportunities. Future rent growth and demand fundamentals are strongly supported. This asset currently performs at a competitive 3.25% return, with most leases ending in mid '26 this asset offers strong appreciation potential. With next door Denver health expanding on their recent purchase on Bannock, surrounding area of Lincoln/Golden Triangle and transformative Burnham yard Broncos redevelopment. Property also holds long-term land value potential, making it an attractive hold for investors seeking a combination of current performance and strategic future opportunity.
| Price History | |
|---|---|
| 12/29/2025 | Listed $2,800,000 |
| 7/2/2026 | 18$2,300,000 |
General Features
| Sewer | Community Sewer |
|---|---|
| Utilities | Electricity Connected,Internet Access (Wired),Natural Gas Connected |
| Roof | Shingle,Membrane |
| Zoning | C-MX-8 |
| Construction Materials | Brick,Frame |
| Year Built | 1963 |
| Electric | 110V,220 Volts,Phase 3 |
| Stories Count | 2 |
| Property Subtype | Retail |
| Tax Year | 2025 |
| Current Use | Commercial,Medical/Dental |
| Gross Income | 141000 |
| County | Denver |
| Operating Expense | 48006 |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| City | Denver |
| Number Of Units Total | 5 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 14062 |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 43304 |
| Leasable Area | 8105 |
| Structure Type | Free Standing |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Cap Rate | 3.25 |
Exterior Features
| Parking Features | Asphalt,Concrete |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Total Parking | 25 |
| Lot Size Area | 14062 |
| Building Area Total | 8105 |
| Lot Size Acres | 0.32 |
| 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 80204
Price
Taxes
Year Built
Visits
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