Iconic Building in Downtown Loveland Sells for Millions

A building in Loveland that has drawn curious eyes for over a decade dates back to the late 1800's when it was a livery, and was recently home to an electric motor company based in Loveland.

Right in the heart of Downtown Loveland is this property at 319 North Cleveland, just north of The Foundry at 3rd Street. Some may know it as the former location of Lightning Hybrids (Lightning eMotors.)

Will Loveland know it as a new business location, or just a very nice apartment building now that it has sold?

Since 2017, Dan Johnson (one of the co-founders Lightning Hybrids) along with his wife Deb, had been renovating the space.

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When Dan first bought 319 North Cleveland, it was a 1.5 story building; today it is three stories with a huge deck that overlooks Downtown Loveland.

The renovated 319 Cleveland is a far cry from what it looked like way back in the day as the Foote & Stoddard Livery; even a far cry from what the building looked like in 2008:

Dan and Deb's vision for the property when they began renovations, was to have an event center/venue on the first (main) floor for wedding receptions and such (up to 350 people,) with two residences, or businesses, also within the building.

It was in March of 2025, that we realized the 'For Sale' signs had been taken down from the building, and lights began being seen inside. Though we can't find the information on how much the building did sell for, it had be several millions.

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When I saw that the building was for sale for $6.9 million, I reached out to Keva Properties to see if I could get a look inside, and was granted a tour. Normally, with such a high-priced property, you'd have to be pre-qualified; I was lucky to get an exemption.

I've loved this building since it became Lightning Hybrids; it's always reminded me of a place where Batman or James Bond might reside.