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    Penrose, CO Land for Sale

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    34 properties
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    Commercial Land with Shop Building
    Updated: Sep 29, 2025
    Commercial Land with Shop Building

    1390 K Street, Penrose, 81240

    $215,000
    2.72 AC lot
    2.72 acres of land suitable for various outdoor activities and potential development.
    Substantial shop ideal for storage, hobbies, or business operations.
    Convenient access to Colorado Springs, Pueblo, and Canon City via Highway 50 and Highway 115.
    Includes paid electric and water tap.
    Perk test completed.
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    Penrose, Colorado Build-Ready Land
    Updated: Feb 3
    Penrose, Colorado Build-Ready Land

    35 Top Rail Trail, Penrose, CO 81240

    $107,000
    3.19 AC lot
    Build‑ready 3.19‑acre parcel with expansive mountain views and unforgettable sunsets.
    Water tap is paid, and electric is available at the property line.
    Protective covenants with no HOA offer flexibility and value protection.
    Plenty of room for horses, a custom home, shop, or outbuildings.
    Paved roads and scenic surroundings provide privacy and accessibility.
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    Penrose Land with Mountain Views
    Penrose Land with Mountain Views

    TBD Lot 1 County Road 132, Penrose, CO 81240

    $179,900
    40.02 AC lot

    40+ acre parcel with power, mountain views, and BLM access.

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    Rural Development Acreage Parcel
    Rural Development Acreage Parcel

    132 County Road 132, Penrose, CO 81240

    $179,900
    1,743,271 sqft

    A 36-acre parcel with direct county road access, power on-site, and access to nearby BLM land for rural use.

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    Agricultural Land with Year-Round Water
    Agricultural Land with Year-Round Water

    Highway 115, Penrose, 81240

    $599,000
    162.76 AC lot

    162.76 acres of agricultural-zoned land with year-round trout water and multiple potential building sites.

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    Agricultural Land Parcel
    Agricultural Land Parcel

    J Street, Penrose, 81240

    $120,000
    5.00 AC lot

    5-acre farmland parcel in Penrose with 5 shares of Beaver Park irrigation.

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    Mountain Residential Land Subdivision
    Mountain Residential Land Subdivision

    County Road 67, Penrose, 81240

    $180,000
    35.00 AC lot

    A six-parcel mountain subdivision offering long-range views, with underground electricity planned near each lot.

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    Rural Land Parcel with Power
    Rural Land Parcel with Power

    TBD Lot 2 County Road 132, Penrose, CO 81240

    $179,900
    36.00 AC lot

    Lot 2 offers direct access from County Road 132 and power on the property within a new 36+ acre development.

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    Level Farmland Parcel with Irrigation
    Level Farmland Parcel with Irrigation

    15941 Highway 115, Penrose, 81240

    $170,000
    8.14 AC lot

    Level farmland parcel with included ditch shares for irrigation, offering usable acreage near Penrose, Colorado.

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    Residential Land Flag Lot
    Residential Land Flag Lot

    83 Top Rail Trail, Penrose, 81240

    $100,000
    2.78 AC lot

    2.78-acre flag lot with mountain views and underground utilities, offered with protective covenants and no HOA.

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    Irrigated Farmland Parcel
    Irrigated Farmland Parcel

    1442 K Street, Penrose, CO 81240

    $125,000
    4.70 AC lot

    Fully fenced, level irrigated farmland offered as part of a packaged sale with adjacent residential acreage.

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    Penrose Land with Mountain Views
    Penrose Land with Mountain Views

    1374 C St, Penrose, CO 81240

    $55,500
    10.00 AC lot

    10-acre rural property in Penrose, Colorado, with mountain views.

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    Commercial Agricultural Land
    Commercial Agricultural Land

    Highway 115, Penrose, 81240

    $150,000
    1.90 AC lot

    Commercial agricultural land offered for sale with limited access; includes paid water tap not installed.

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    Fenced Renewable Energy Land Parcel
    Fenced Renewable Energy Land Parcel

    2 8th Street, Penrose, CO 81240

    $245,000
    28.00 AC lot

    28 acres of fenced land with a continuously flowing hot mineral artesian well and deeded access easement.

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    Equestrian Arena Property
    Equestrian Arena Property

    219 Top Notch Trail, Penrose, 81240

    $110,000
    3.04 AC lot

    Over three acres in a ranch community, with a fully fenced 260-by-130 arena and paid water tap.

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    20-Acre Parcel with Split Frontage
    20-Acre Parcel with Split Frontage

    11th Street, Penrose, 81240

    $250,000
    20.00 AC lot

    20-acre property split evenly on both sides of 11th Street in Penrose, Colorado’s high desert setting.

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    20 Acres of Colorado Land
    20 Acres of Colorado Land

    000 11th St, Penrose, CO 81212

    $250,000
    20.00 AC lot

    20-acre property in Colorado's high desert landscape.

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    Private 10-Acre Parcel in Penrose
    Private 10-Acre Parcel in Penrose

    380 13th St, Penrose, CO 81240

    $54,500
    10.00 AC lot

    10-acre parcel with mountain views, fenced for livestock grazing.

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    Rural Land Parcel with Direct Access
    Rural Land Parcel with Direct Access

    TBD Lot 1 County Road 132, Penrose, CO 81240

    $179,900

    Direct access off County Road 132 with power on-site and BLM access for recreation or livestock use.

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    20 Acres of Land in Penrose
    20 Acres of Land in Penrose

    11th St, Penrose, CO 81212

    $250,000
    20.00 AC lot

    20-acre property in Penrose, Colorado, suitable for various uses.

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    Fenced Ranch Land with Views
    Fenced Ranch Land with Views

    1374 C Street, Penrose, CO 81240

    $55,500
    10.00 AC lot

    Nearly fully fenced 10-acre rural property with cross fencing, electric fencing, and a storage shed for livestock or building.

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    Split-Side Land Parcel
    Split-Side Land Parcel

    11th St., Penrose, CO 81240

    $300,000
    20.00 AC lot

    20-acre parcel split evenly across 11th Street, offering flexibility for residential or agricultural development near Penrose.

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    Fenced Livestock and Shooting Land
    Fenced Livestock and Shooting Land

    380 13th Street, Penrose, CO 81240

    $54,500
    10.00 AC lot

    Private 10-acre parcel with electric fencing, cross-fencing, and a set-up 100-meter shooting range.

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    Penrose, Colorado 10-Acre Land
    Penrose, Colorado 10-Acre Land

    1374 C Street, Penrose, 81240

    $58,000
    10.00 AC lot

    10-acre rural property in Penrose, Colorado with mountain views.

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    Penrose, CO Land Market Trends and Statistics

    Explore 43 land for sale in Penrose, CO, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 30,310,620 square feet of properties for sale, with an estimated market value of $5,351,000.

    Sale prices for lots in Penrose, CO start at $50,000, averaging $162,151, and reaching up to $599,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Agricultural land / Farmland 15
    Residential land & home lots 12
    Recreation land 4
    Commercial land 3
    Hunting land 3

    Demographics Overview

    Population 4,533
    Population Growth (5Y) +25.7%
    Median Household Income $79,514
    College Educated 40.6%

    High-Yield Neighborhoods for Investment

    Identify Penrose submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Penrose $152.7K
    Canon City $250K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fremont County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Penrose, CO

    • 81240
    • 81212

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