1245 Elati Street - Rare Denver Development Opportunity
1245 Elati Street, Denver, CO, 80204, US
0.17 ha
JLL Capital Markets, as the exclusive advisor to the Clear Creek County School Board, is presenting the investment, new development, or redevelopment opportunity at the old, and now vacant, Carlson Elementary School in Idaho Springs, Colorado. The ~55,250 SF building sits on 1.48-acres at 1300 Colorado Blvd, Idaho Springs, CO 80452. The structure was built in the early 1900s and has gone through multiple renovation and expansion efforts. The site is within the C-2 zoning district, allowing for hotel, multifamily, and commercial uses. Idaho Springs is located just 45 minutes from Denver, 30 minutes from Golden, and less than an hour to Loveland, Winter Park, Vail, and Breckenridge. The town is known for its historic buildings and association with the gold rush in the 1850s. The historic town needs both lodging and housing for their residents and visitors, making the site a rare development opportunity.
Idaho Springs, one of Colorado’s oldest mountain towns and home to Carlson Elementary, serves as both a gateway for Rocky Mountain tourists and a residential hub for workers in the tourism, mountain, and skiing industries. This historic community, known for its long-term residents and rich heritage, is strategically located near popular attractions, balancing its role as a tourist destination with a strong sense of local identity. Carlson Elementary operates within this unique environment, where the town’s legacy and its position as an entry point to Colorado’s mountain adventures converge.
• The site sits at the main hard corner on Miner Street and 13th Ave within the Idaho Springs historic district.
• The C-2 zoning code allows for new development or redevelopment of the site/school. Allowable uses include hotel, multifamily, commercial, and other uses.
• The town of Idaho Springs is in need of variety of new housing supply including affordable housing, workforce housing, luxury housing, and hotel/lodging.
• The site is in close proximity to some of Colorado’s largest ski and resort communities. The location offers an investor the ability to provide both tourists or workers housing in a key mountain location.
• Carlson Elementary is a prime candidate for historic preservation and historic tax credit development opportunities.
• Downtown Idaho Springs is within an Opportunity Zone, making it a rare long term investment opportunity.