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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.
Source: Public Records
Source: Sperling's Best Places
71/100
Walk Score ®
35/100
Transit Score ®
72/100
Bike Score ®
6 nearby routes: 6 bus, 0 rail, 0 other
The average walkability score in the surrounding area is Walk Score: 24/100, Transit Score: 12/100, Bike Score: 44/100.
Source: Realty.com
331 Main St, Longmont, CO 80501 is a Multi Family, Residential Income property listed for $1,700,000 The property is 6322 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 50 photos of 331 Main St.
Our records indicate that 331 Main St was built in 1944.
The full address for this home is 331 Main St, Longmont, CO 80501.
331 Main St has been listed on Realty.com since Wed November 19, 2025
Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 24/100, Transit Score: 12/100, Bike Score: 44/100.
There are 3 schools assigned to this home. Check out the schools near 331 Main St. Central (Grades: K - 5), Longs Peak Middle School (Grades: 5 - 8), Longmont High School (Grades: 9 - 12)
Listing provided courtesy of:
Compass - Boulder
(tel: 303-487-5472)
Listing agent:
Krista Koth
(tel: 303-746-7316)
(#P09574)
This content last refreshed on 2025-12-10 16:25:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 331 Main St, Longmont, CO 80501 : MLS# 1047588