15941 Highway 115 Penrose 81240

Listing agency Keller Williams Performance Realty t***@tonygreer.com Show Phone

Listed by Chris M. Montoya · License #FA100010554 Show Phone

Added: Jul 21, 2025 Updated: Jul 22 at 5:00PM Checked: Jul 23 at 9:06AM

Report an Issue

MLS# 5319515

Copyright © 2026 Royal Gorge Association of REALTORS®. 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.

For sale is an 8.14-acre level parcel of usable farmland in Penrose, Colorado. The property offers expansive views of the surrounding countryside with Pikes Peak visible in the distance. With space for a custom home and outbuildings, the layout supports a variety of rural uses such as hobby farming, gardens, and related agricultural improvements.

The address is listed on Highway 115 in Fremont County. The offering includes ditch shares, providing irrigation rights intended to support crop growth, livestock, and landscaping.

This is a single parcel opportunity for buyers seeking Colorado acreage with irrigation rights included, combining open, workable land with water access through the included ditch shares.

Key Highlights

• 8.14‑acre parcel in Penrose, Colorado with level, usable land
• Includes ditch shares for irrigation rights
• Expansive countryside views with Pikes Peak visible in the distance

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,250,000

  Historic Event Venue Building

  Historic building with high ceilings, wood beams, brick, and murals, plus three-car garage, carport, and fenced grounds.

  708 Fremont Street, Penrose, 81240

  View Details
• 

  $795,000

  Restaurant and Workshop Property

  Restaurant building with commercial kitchen plus a large machinery shop, outbuildings, and utility hookups on Highway 115.

  15560 Highway 115, Penrose, 81240

  View Details
• 

  $215,000

  Commercial Land with Shop Building

  Corner lot with a substantial shop and utilities tests including a paid electric water tap and perk test.

  1390 K Street, Penrose, 81240

  View Details
• 

  $599,000

  Agricultural Land with Year-Round Water

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

  Highway 115, Penrose, 81240

  View Details
• 

  $120,000

  Agricultural Land Parcel

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

  J Street, Penrose, 81240

  View Details
• 

  $180,000

  Mountain Residential Land Subdivision

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

  County Road 67, Penrose, 81240

  View Details
• 

  $100,000

  Residential Land Flag Lot

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

  83 Top Rail Trail, Penrose, 81240

  View Details
• 

  $150,000

  Commercial Agricultural Land

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

  Highway 115, Penrose, 81240

  View Details
• 

  $110,000

  Equestrian Arena Property

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

  219 Top Notch Trail, Penrose, 81240

  View Details
• 

  $250,000

  20-Acre Parcel with Split Frontage

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

  11th Street, Penrose, 81240

  View Details
• 

  $58,000

  Penrose, Colorado 10-Acre Land

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

  1374 C Street, Penrose, 81240

  View Details
• 

  $57,500

  Penrose, CO - 10 Acre Land

  10-acre parcel in Penrose, Colorado, ideal for livestock grazing.

  380 13th Street, Penrose, 81240

  View Details

FAQs

What type of property is this?

Agricultural land / Farmland - Level farmland parcel with included ditch shares for irrigation, offering usable acreage near Penrose, Colorado.

Where is this agricultural land / farmland located?

The property is located at 15941 Highway 115 Penrose.

What is the asking price?

The asking price for this property is $170,000.

What are key features of this property?

This property features: 8.14‑acre parcel in Penrose, Colorado with level, usable land; Includes ditch shares for irrigation rights; Expansive countryside views with Pikes Peak visible in the distance