Virtual Tour

$949,000

For Sale

2 months ago

631 Sherman St, Ridgway, CO

House

MLS® 831831

0 Bed

2 Bath

2315 sqft

15 Parking

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 2315 sqft

Garage

Taxes $3,495

Days Active 49

Lot Size

Approx. Age 1993

Avg. Price Per Sqft $409

MLS® Number 831831

Property Address: 631 Sherman St, Ridgway, CO, 81432-5000

Average square foot calculated using Size range provided by listing agent.

Description

Investors, multi-family developers, and artists—this is your chance to own a versatile property in the heart of Ridgway, Colorado! Located in the Historic Business Zone, this property offers some of the most flexible zoning regulations in Western Colorado. Don't be misled by the term "Historic"—there are no architectural restrictions or requirements to preserve old structures. Instead, this zone provides expansive opportunities for mixed-use development, including commercial, residential, multi-family housing, retail, restaurants, and more. Key Features: Mixed-use zoning: Build residential units, art studios, galleries, restaurants, retail spaces, or professional offices all under one roof. 2315 sq. ft. single-level building: Currently divided into two separate spaces—a fabric arts gallery and workshop on the west end and an office supply store on the east end. 35-foot maximum building height: Ideal for expanding upward—imagine adding additional floors for stunning mountain views and increased revenue potential. Minimal setbacks: Take full advantage of the lot’s footprint to maximize building space. Ample parking: Located on the north side of the lot, providing convenience for tenants, customers, or gallery visitors. This property, built in 1993, offers the chance to completely reimagine the space. Whether you’re looking to create multi-family units, a thriving art gallery, or a combination of residential and commercial spaces, this property is ready for your vision. With high visibility and foot traffic in Ridgway's core, it's perfect for retail or dining establishments that cater to locals and tourists alike. For investors, the opportunity to expand is significant—an additional building lot on the west side (available separately) provides the possibility for more structures and parking, allowing you to scale your investment. The creative potential for this property is limitless, from artisan studios to boutique hotels, or a mix of residential lofts and commercial spaces. Unlock the potential of Ridgway’s most desirable location. This Ouray County gem is a blank canvas for your next profitable venture. Don’t miss out on this unique opportunity in this fast-growing Colorado mountain town.

MLS® Number831831

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1993

BasementCrawl Space

DrivewayOff Street, Parking Spaces, Rear Side Off Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 21, 2026List Date

$949,000List Price

Commute

Commute

Starting Address

Destination Address

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