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

324 Silver Street, Lake City, CO 81235

CommercialSale, Lake City, CO

Property Size960 SF
Lot Size0.11 Acres
Price / SF$728.13
Days on Market5

Property Features for 324 Silver Street

General Information

Property type Commercial Sale
Property subtype Other
Directions From Highway 149 turn west on Fourth St then left on Silver St.
Subdivision Other Area
Standard status Active
Lot size 0.11 Acres

Taxes and HOA fees

Tax Annual Amount 3007

Amenities

LVT flooring
interior and exterior paint
HardieBoard front facade
covered entry
boardwalk
bathroom vanity and fixtures
kitchen appliances
enclosed back porch
Listing Agency: HOMESMART REALTY PARTNERS · HomeSmart International
Listed By: Darryl Dixon · License #FA100067296
Added: Sep 11 Changed: Sep 15 Last Checked: Sep 15 at 7:06PM
MLS# 20264638

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 live-work property at 324 Silver Street combines a two-bedroom, one-bath layout with approximately 960 square feet of interior space. The building has served as a title company for nearly 15 years and includes a kitchen, dining and living areas, an enclosed back porch, and a covered entry. Recent work includes light wood-look LVT flooring, interior and exterior paint, a new bathroom vanity with fixtures and lighting, kitchen appliances, and a rebuilt boardwalk. The exterior features a new HardieBoard facade with Historic Society-approved details around the windows, porches, and corbeled roofline.

The property occupies approximately 5,000 square feet on Silver Street, the main downtown thoroughfare in Lake City, and includes a corner side lot. Residential, commercial, and live-work applications are identified for the property. The side lot may support separate sale or future storefront or short-term rental concepts, subject to applicable requirements and verification of zoning and permitted uses. The property may also be purchased with 322 Silver Street.

Key Highlights

  • Approximately 960 square feet with 2 bedrooms and 1 bathroom
  • Approximately 5,000‑square‑foot lot with a corner side lot
  • New HardieBoard facade with Historic Society‑approved architectural details

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
Rey
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Frequently Asked Questions

What type of property is this?
Live-work space - Flexible two-bedroom property with residential, office, and live-work utility in an updated building.
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: Approximately 960 square feet with 2 bedrooms and 1 bathroom; Approximately 5,000‑square‑foot lot with a corner side lot; New HardieBoard facade with Historic Society‑approved architectural details
More about this property
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