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Updated Live-Work Property
New
For Sale
$699,000

324 Silver Street, Lake City, CO 81235

COMMERCIAL, Lake City, CO

Property Size960 SF
Lot Size0.12 Acres
Price / SF$728.13
Days on Market2

Property Features for 324 Silver Street

General Information

Property type Commercial Sale
Property subtype Office
Bathrooms 1
Rooms Bathroom 1
Directions From Highway 149 turn west on Fourth St then left on Silver St.
Standard status Active
Size 960 SF
Lot size 0.12 Acres

Building Details

Year built 1991
Listing Agency: HomeSmart Realty Partners · HomeSmart International
Listed By: Darryl Dixon · License #FA100067296
Added: Sep 11 Last Checked: Sep 12 at 7:06AM
MLS# 838984

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.

Located at 324 Silver Street in Lake City, this live-work property combines 960 square feet of space with two bedrooms, one bathroom, and a layout that includes living, dining, kitchen, and enclosed porch areas. The property has served as a title company location for nearly 15 years and can accommodate residential, commercial, or live-work use, subject to applicable requirements.

Recent updates include light wood-look LVT flooring, interior and exterior paint, a HardieBoard front facade with Historic Society-approved architectural details, and improvements to the covered entry and boardwalk. The kitchen has new appliances, while the bathroom includes a new vanity, fixtures, and lighting. The property occupies approximately 0.12 acres and includes a corner side lot in the downtown area.

Key Highlights

  • 960 square feet with 2 bedrooms and 1 bathroom
  • Approximately 0.12‑acre property with a corner side lot
  • Flexible residential, commercial, or live‑work configuration

Property Analytics

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Current Use

Live-work space

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 Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Flexible space with residential features, office utility, and a prominent corner lot in downtown Lake City.
Where is this live-work space located?
The property is located at 324 Silver Street Lake City, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 960 square feet with 2 bedrooms and 1 bathroom; Approximately 0.12‑acre property with a corner side lot; Flexible residential, commercial, or live‑work configuration
More about this property
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