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970.948.4915

248 E 1st StreetParachute, CO 81635Price: $590,000

  • Price: $590,000
  • 2 Days on Market
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Federal 30-year interest rate: 6.55% last updated on Jul 16, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $590,000List Price
  • 0.12Acreage
  • 2,412Square Feet

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Listed by Jennie A Marcotte of FreeByrd Real Estate ((970) 984-9384)
True Small Town Living: Exceptional investment opportunity featuring a centrally located mixed-use property with commercial space on the ground level and 2 bedroom, 1 bath residential apartment above. The lower level offers excellent visibility and accessibility, making it ideal for retail, office, or service-based businesses. Upstairs apartment provides comfortable living accommodations, creating the perfect live-work setup or an additional source of rental income. Abundance of parking and storage. Don't miss the opportunity to get in now before the projected growth of Parachute on the brink of a transformative journey. 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) .

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Property Details of 248 E 1st Street

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Based on information submitted to AGMLS as of July 19, 2026 5:14 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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