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Mixed-Use Property with Retail Space
For Sale
$1,299,000

322 Silver Street, Lake City, CO 81235

CommercialSale, Lake City, CO

Property Size3,000 SF
Lot Size10,000.00 Acres
Price / SF$433
Days on Market10

Property Features for 322 Silver Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Mixed Use
Directions From Highway 149 turn west on Fourth St, left on Silver St.
Subdivision Other Area
Standard status Active
Lot size 10,000.00 Acres

Taxes and HOA fees

Tax Annual Amount 3870
Listing Agency: HOMESMART REALTY PARTNERS · HomeSmart International
Listed By: Darryl Dixon · License #FA100067296
Added: Sep 11 Changed: Sep 20 Last Checked: Sep 20 at 1:06PM
MLS# 20264640

Copyright © 2026 Grand Junction Area 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.

This mixed-use property combines a 2-bedroom, 3-bath residence with shop and retail space totaling nearly 3,000 square feet. Interior updates include light wood-look LVT flooring, refreshed paint, new lighting, updated bathrooms, and a remodeled kitchen with shaker cabinetry, island, quartz countertops, fireclay sink, and Bosch appliances. The home also includes a den, dining area, loft bedroom, bonus room, three balconies, gas and wood stoves, and baseboard heat.

Exterior improvements include a Hardie board facade, retail frontage with board-and-batten siding, a rebuilt boardwalk, decks, landscaping, tall pines, and a fenced yard. The 10,000-square-foot lot includes a 24' x 16' garage and storage shed. The property is located at 322 Silver Street in downtown Lake City, within walking distance of local restaurants and shops. A package option with 324 Silver Street is also offered, including the home and corner lot.

Key Highlights

  • 2‑bedroom, 3‑bath residence with shop and retail space
  • Nearly 3,000 square feet of combined living and commercial space
  • 10,000‑square‑foot lot with fenced yard, decks, landscaping, and tall pines

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Building Supply Bakery Grocery & Convenience Store Catering Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

210
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combined residential and commercial layout with updated interiors, outdoor gathering areas, and a visible downtown storefront.
Where is this mixed-use property located?
The property is located at 322 Silver Street Lake City, CO.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 2‑bedroom, 3‑bath residence with shop and retail space; Nearly 3,000 square feet of combined living and commercial space; 10,000‑square‑foot lot with fenced yard, decks, landscaping, and tall pines
More about this property
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