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331 Main StreetLongmont, CO 80501

For Sale

$1,595,000

Smart Buyer Rebate $15,950

Prime Mixed-Use Asset Historic District Main Street Frontage Turnkey + Income Producing 331 Main Street offers an exceptional mixed-use opportunity in the heart of Old Town Longmont's Historic District. Originally home to Longmont's first J.C. Penney's Business and now recognized on the National Historic Register, this 6,322 sq ft landmark blends historic significance with modern functionality, strong visibility, and consistent income. The main level features a leased retail storefront along Main Street and a full commercial kitchen in the rear-ideal for hospitality, specialty retail, production, or service-based concepts. The upper level includes two residential units-a studio apartment and a two-bedroom apartment with a private rooftop deck offering sweeping views of downtown and the surrounding district. With updated systems, roof improvements, and interior enhancements, the property supports long-term stability, reduced operating costs, and reliable tenant retention. Modified Gross leases (utilities + taxes included) further streamline operations for both tenants and ownership. In 1898, a young James Cash Penney opened his first shop here at 331 Main Street, a meat market and bakery that became the foundation of what would grow into the national JCPenney department store chain. Over the next century, this historic Main Street building housed long-standing retailers like Woelz Brothers Clothing and now stands as a contributing building in the Downtown Longmont National Historic District. Showings must be at least a 24 hour notice. Showings begin Friday November 21st.

Listed by Krista Koth

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License #IRP09574

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Compass - Boulder

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303-746-7316

Last updated January 21, 2026

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Source: REcolorado #IR1047588

Listing Facts

  • TypeSingle-family
  • NeighborhoodLongmont Creative District
  • Days on Prevu71
  • Taxes$23,447/year

Amenities

  • Air Conditioning

Location

Mortgage Calculator

Listing History

01/20/2026
Price Decreased
$1,595,000
11/19/2025
Listed by Compass - Boulder
$1,700,000

Property Details for 331 Main Street

Exterior

Construction

  • Roof: Membrane
  • Year Built: 1944
  • Construction Materials: Brick, Stone, Frame

Features

  • Road Frontage Type: Public
  • View: City

Measurements

  • Lot Features: Historical District, Level
  • Lot Size Acres: 0.07
  • Lot Size Square Feet: 3,108

Financial

Residential Income

  • Cap Rate: 4.66
  • Operating Expense: $45,671.00

Taxes

  • Parcel Number: R0609090
  • Tax Annual Amount: $23,447.00

Interior

Rooms

  • Basement: Crawl Space, Full
  • Has Basement: Yes

Other

General

  • Exclusions: Front Retail- some track lighting, some covers on the drop ceiling. Kitchen-all other equipment is excluded except for the over head hood Upstairs - Camera is not included, modems

Location

  • Subdivision Name: Longmont Ot

Schools

Elementary School

  • Elementary School: Central
  • Elementary School District: St. Vrain Valley RE-1J

High School

  • High School: Longmont
  • High School District: St. Vrain Valley RE-1J

Middle or Junior School

  • Middle Or Junior School: Westview

Utilities

Equipment

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Internet Access (Wired), Natural Gas Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this single-family home have?

There is bedrooms in this single-family home at 331 Main Street.

What schools are nearby to 331 Main Street?

Nearby schools include the Central Elementary School, Westview Middle School, and Longmont High School.

What are the annual taxes for 331 Main Street?

Annual taxes for this single-family home are estimated at $23,447.

How does 331 Main Street compare to other single-family homes in Longmont Creative District?

This single-family home is listed 191% above the average price for single-family homes in Longmont Creative District and has been on the market for 91 less days than the typical home in this area.

331 Main Street is a -bedroom single-family home for sale in Longmont CO 80501. Available on Prevu for 71 days at $1,595,000. This includes a recent price decrease of $105,000. This property is located in Longmont. The median listing price for single-family homes in this area is $549,000. Nearby schools include Central Elementary School, Westview Middle School, and Longmont High School. The home offers air conditioning. Browse more single-family home listings in Longmont.

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.