Restaurant with Owner’s
For Sale
$595,000
205 N Gunnison Avenue, Lake City, CO 81235
Operating restaurant with commercial kitchen, outdoor dining, and an upstairs efficiency apartment.
Property Size1,139 SF
Price / SF$522.39
Days on Market307
Property Features for 205 N Gunnison Avenue
General Information
Standard status
Active
Size
1,139 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$3,279
Building Details
Year Built
1930
Listing Agency:
Hall Realty, Inc.
(970) 596-4681
Listed By:
A. Danielle Worthen
(970) 596-4681
Source:
Exitrealty
Added: Oct 29, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hall Realty, Inc.
Investment Insights
Based on property information with market context.
This restaurant property combines an operating food-service business with an upstairs efficiency apartment. The dining configuration includes seating for 22 indoors, a front deck accommodating 50, and a rear patio and music area for up to 150 guests. A 10' x 18' lighted stage with pergola supports live entertainment. The sale includes the business name, goodwill, POS and security systems, vendor relationships, dining fixtures, patio heaters, and extensive kitchen and outdoor cooking equipment. The commercial kitchen includes a Type 2 Vent-A-Hood, refrigerated prep and salad stations, steam table, panini grills, convection oven, hot plate, ice machine, beer cooler, smoothie machine, and espresso machine. The property was built in 1930 and is zoned Central Business District. It has direct access from State Highway 149, also known as Gunnison Avenue, and sits within Lake City's Historic District beside Town Park. Exterior remodeling or additions require Historic Approval Board review.
Key Highlights
- Indoor seating for 22, front deck seating for 50, and rear patio capacity for up to 150
- 10' x 18' lighted music stage with pergola and detached covered bar
- Commercial kitchen with Type 2 Vent‑A‑Hood and extensive refrigeration and cooking equipment
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81235, CO
728
Population
1,008
Households
0.7
Avg Household Size
54
Median Age
48%
College-Educated
100%
High-School Grad
534.6 sq mi
ZIP Area
1
Density / Sq Mi
$67,750
Median Household Income
$39,412
Median Earnings
$1,099
Median Rent
$456,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant with commercial kitchen, outdoor dining, and an upstairs efficiency apartment.
Where is this conventional restaurant located?
The property is located at 205 N Gunnison Avenue Lake City, CO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Indoor seating for 22, front deck seating for 50, and rear patio capacity for up to 150; 10' x 18' lighted music stage with pergola and detached covered bar; Commercial kitchen with Type 2 Vent‑A‑Hood and extensive refrigeration and cooking equipment
