248 E 1st Street, Parachute, CO 81635

$590,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$590,000
Status
ACTIVE
MLS#
193864
Year Built
1908
Acres
0.12
Region
Parachute
Neighborhood
13-Parachute Proper

Property 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) .

Additional Information

Taxes
$2,529
Tax Year
2025
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jennie A Marcotte 970-379-3232 from Listing Office: FreeByrd Real Estate.

board logo

© 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. Aspen/Glenwood Springs MLS, Inc. data last updated on .