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Mixed-Use Property with Restaurant
For Sale
$8,750,000

185 N Lena Street, Ridgway, CO 81432

COMMERCIAL, Ridgway, CO

Property Size13,415 SF
Price / SF$652.25
Days on Market53

Property Features for 185 N Lena Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 9
Full bathrooms 6
Half bathrooms 3
Rooms Bathroom 3, Bathroom 7, Bathroom 6, Bathroom 9, Bathroom 8, Bathroom 4, Bathroom 5, Bathroom 1, Bathroom 2
Directions Town of Ridgway, North on Lena, Property on the left.
Standard status Active
Size 13,415 SF

Building Details

Year built 1907
Listing Agency: Keller Williams Realty Southwest Associates, LLC - Montrose
Listed By: Colleen Aller · License #FA100097828
Added: Jul 13 Changed: Sep 2 Last Checked: Sep 3 at 4:06PM
MLS# 836359

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The Old Firehouse is a 13,415-square-foot mixed-use property originally constructed in 1907 and extensively redeveloped in 2024. The asset includes retail, studio, office, residential, restaurant, and event functions across several condominium components. Greenhouse Condo B offers flexible retail, studio, or office space, while Condo C is occupied by an established office tenant. Condo D contains four deed-restricted residential units, and Condo E is an unfinished penthouse residence with a private rooftop balcony, indoor/outdoor fireplace, and views of the San Juan and Cimarron Mountains.

The property also includes a completed restaurant and event venue with a commercial kitchen, handcrafted bar, integrated AV systems, and indoor/outdoor seating. It is located at 185 N Lena Street in Ridgway, within walking distance of local restaurants, shops, parks, and community amenities. The offering combines commercial, office, residential, and hospitality uses within a single downtown property.

Key Highlights

  • 13,415 SF mixed‑use property at 185 N Lena Street in Ridgway
  • Originally built in 1907 and extensively redeveloped in 2024
  • Four deed‑restricted residential units in Condo D

Property Analytics

Current Use

The Old Firehouse Restaurant

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

423
Businesses Nearby

Demographics for 81432, CO

3,061
Population
2,058
Households
1.5
Avg Household Size
54
Median Age
56%
College-Educated
99%
High-School Grad
300.4 sq mi
ZIP Area
10
Density / Sq Mi
$87,547
Median Household Income
$46,643
Median Earnings
$1,469
Median Rent
$771,400
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Redeveloped in 2024 with office, residential, retail, and hospitality components.
Where is this mixed-use property located?
The property is located at 185 N Lena Street Ridgway, CO.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: 13,415 SF mixed‑use property at 185 N Lena Street in Ridgway; Originally built in 1907 and extensively redeveloped in 2024; Four deed‑restricted residential units in Condo D
More about this property
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