Historic Live-Work Space with
For Sale
$499,900
238 S 2nd Street, Montrose, CO 81401
COMMERCIAL, Montrose, CO
Property Size2,939 SF
Lot Size0.14 Acres
Price / SF$170.09
Days on Market37
Property Features for 238 S 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bathroom 2
Directions
Starting at Main and Townsend, head south on Townsend for 2 Blocks. Turn Right on S 2nd St, lot is 2nd on the Left.
Standard status
Active
Size
2,939 SF
Lot size
0.14 Acres
Amenities
upper-level apartment
alley access
detached garage/carport
basement storage
Building Details
Year built
1898
Listing Agency:
Keller Williams Colorado West Realty · Keller Williams Realty
(970) 252-8528
Listed By:
Delphine Jadot
(970) 393-2770
Added: Jul 18
Changed: Aug 19
Last Checked: Aug 23 at 8:06AM
MLS# 833430
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.
This live-work space is a historic downtown building built in 1898 that has been thoughtfully renovated to pair historic character with modern functionality. The property offers approximately 2,939 square feet plus basement storage, and its flexible configuration supports a range of options including an owner-user business headquarters with supplemental rental income, professional office use, boutique retail or service-based business use, and mixed-use live-work arrangements.
A standout feature is a separate upper-level apartment with its own living space and kitchen. The apartment can be used as a long-term rental, employee housing, an owner’s residence, or an executive suite, adding an additional income component to the property.
Located in the heart of downtown Montrose, the building is just steps from Main Street with walkability and business exposure in the surrounding district. The property sits on a 0.14-acre lot and includes valuable alley access, along with a detached one-car garage/carport that can support deliveries, employee parking, tenant access, storage, or future operational needs.
A standout feature is a separate upper-level apartment with its own living space and kitchen. The apartment can be used as a long-term rental, employee housing, an owner’s residence, or an executive suite, adding an additional income component to the property.
Located in the heart of downtown Montrose, the building is just steps from Main Street with walkability and business exposure in the surrounding district. The property sits on a 0.14-acre lot and includes valuable alley access, along with a detached one-car garage/carport that can support deliveries, employee parking, tenant access, storage, or future operational needs.
Key Highlights
- Built in 1898 and thoughtfully renovated while retaining historic character
- Approximately 2,939 SF plus basement storage
- Separate upper‑level apartment with its own living space and kitchen
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
Explore this area
Business Placement
Demographics for 81401, CO
23,266
Population
10,782
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
200.2 sq mi
ZIP Area
116
Density / Sq Mi
$63,541
Median Household Income
$36,548
Median Earnings
$1,090
Median Rent
$343,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Historic live-work building with renovated interiors and a separate upper-level apartment for flexible income and use.
Where is this live-work space located?
The property is located at 238 S 2nd Street Montrose, CO.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Built in 1898 and thoughtfully renovated while retaining historic character; Approximately 2,939 SF plus basement storage; Separate upper‑level apartment with its own living space and kitchen
