238 S 2nd Street Montrose, CO 81401

Located in downtown Montrose, this mixed-use property presents a commercial investment opportunity. The building, constructed in 1898, has undergone an extensive renovation, combining historic charm with modern functionality. Situated just off Main Street in the business district, the property benefits from strong visibility, accessibility, and proximity to established businesses, dining options, and everyday services. The central location and flexible layout offer mixed-use potential for a live/work configuration, multi-tenant or single-user occupancy. The upper level can function as a separate apartment or integrate with the main level. The property includes approximately 2,939 square feet of space, plus basement storage, on a 0.14-acre lot. A one-car garage is accessible from the alley. The current configuration features 4 bedrooms, 2 bathrooms, and 2 kitchens, allowing for owner-occupancy, rental income potential, or a combination of both. The property is walkable to coffee shops, restaurants, and daily conveniences. Montrose is growing as a regional hub for Western Colorado, supporting local businesses and attracting visitors with its proximity to the Black Canyon of the Gunnison and nearby mountain destinations.