#824455, Joshua Martin, Listing office: The Wells Group of Durango, LLC

318 E Main St Cortez, CO 81321
Property details
About 318 E Main St
Prime Investment Opportunity with Residential, Office, or Mixed-Use Potential in the Heart of Cortez, Colorado! This fully renovated Main Street property presents a rare opportunity for residential, commercial, or mixed-use development. The upstairs space offers potential for a studio apartment or professional offices—ideal for short-term rentals, long-term tenants, owner's quarters or workspaces. Seller is adding a brand new 3/4 bath upstairs soon! Retain the established coffee shop below for ongoing rental income, or reimagine the entire space to suit your business or residential vision. Recent upgrades include updated electrical, plumbing, drywall, flooring, paint, bathroom, doors, and lighting—plus two sewer taps—making it turnkey for a variety of uses. Ample parking includes ten spaces in the rear and additional spots out front, offering convenience for tenants, customers, or clients. The high-visibility Main Street location ensures strong foot traffic and excellent exposure. Whether you’re looking to run aa short term or long term rental, create office suites, or blend commercial and residential uses, this property offers the flexibility and location to bring your vision to life. Schedule your showing today and explore the full potential of this standout investment in downtown Cortez!
Highlights
Summary
- Basement: Yes
- Flooring Type: Tile
- Total Bedroom Count: 2
- Heating: Natural Gas, Other
- List Price: $330,000
- Price/SqFt: $287
- Annual Tax Amount: $2,886
- Tax Year: 2023
- Directions: Property located on the North side of Main St in Cortez between Washington St and Madison St
- Year Built: 1933
- Stories: 2
- Living Area: 1,148 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 819859
- Office Name: Berkshire Hathaway HomeServices Colorado Properties
- Listing Agent: Holly Matson
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Last updated on: 6/24/2025, 11:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$330,000
318 E Main St
$3,919
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Sep 27, 2022 | Home Sold | $250,000 |
Aug 04, 2020 | Home Sold | $175,000 |
Feb 15, 2013 | Home Sold | $200,000 |
Apr 27, 2006 | Home Sold | $105,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $62,694 | $2,886 |
2022 | $44,447 | $2,461 |
2021 | $44,447 | $2,674 |
2020 | $44,388 | $2,340 |
2019 | $44,388 | $2,346 |
2018 | $48,390 | $3,084 |
2017 | $48,390 | $3,069 |
History based on county public records data.
Nearby schools
4
Kemper Elementary School
Public District KG-5
0.3 mi
•620 E Montezuma Ave
5
Mesa Elementary School
Public District KG-5
1.0 mi
•703 W 7th St
4
Dolores Elementary School
Public District KG-6
10.0 mi
•12th and Hillside
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
All data from GreatSchools
Neighborhood
The neighbors living near this home have an average income of $61,310. The majority of Cortez, CO residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
About 318 E Main St
The listing price of 318 E Main St property is $330,000.
The property 318 E Main St is a house located in Cortez, Colorado, 81321.
Active Listing: 318 E Main St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 318 E Main St are: Kemper Elementary School (GreatSchools Rating 4/10), Mesa Elementary School (GreatSchools Rating 5/10), Dolores Elementary School (GreatSchools Rating 4/10), Montezuma-Cortez Middle School (GreatSchools Rating 5/10), Montezuma-Cortez High School (GreatSchools Rating 4/10), Southwest Open Charter School (GreatSchools Rating 1/10), Dolores High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $2,886 (source: MLS/based on county public records data).
The last sale was on September 27, 2022 for $250,000 (source: MLS/tax record).
The property at 318 E Main St has 2 bedrooms and 1 bathroom.
The property 318 E Main St is 1,148 SqFt (source: MLS/tax record).
The year of construction for 318 E Main St is 1933.
This home is located at 318 E Main St in Cortez, CO and zip code 81321. This 1,148 square foot home, which was built in 1933, sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $330,000.
The number of homes for sale in Cortez, CO increased by 27.7% between April and May 2025. Listings spent 104 days on the market in May 2025, and had a median list price of $399,999 during the same period.